ETH is currently forming multiple top callbacks around 3023. In the short term, although EMA20 and EMA50 are being held down, there are no obvious resistance levels on the weekly and daily charts, indicating that the overall trend remains relatively bullish.
(1) The current price has not broken below key support, and the small-scale bearish momentum is gradually weakening, suggesting that there may be a rebound opportunity in the short term.
(2) 2977 is a key neckline position; if it breaks, it could trigger a deeper correction, so caution should be exercised against a downward trend.
(3) Attention should still be paid to the resistance level in the range of 3170-3200 above, while support should be noted in the 2970-2950 area below. It is recommended to patiently wait for the market to respond clearly before making operational decisions.
ETHUSDT
Perp
3,085.79
-3.19%
BTCUSDT
Perp
90,284.3
-1.35%
