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🚨 Surge vs Plunge? The ETH Bull-Bear Battle Intensifies, Key Week to Watch This Level!
Ethereum (ETH) is showcasing an extreme tug-of-war in the market! Bullish and bearish signals are clashing intensely, and everyone's focus is on the key battleground of $3,100.
📈 Bullish Camp: Short-Term Offensive
· Price Surge: ETH has surged +6.43% in the past 24 hours and accumulated a +7.81% increase over the past week, indicating strong short-term buying power.
· Whale Accumulation: Sharp-eyed “whale” addresses (holding 1,000-10,000 ETH) continue to accumulate, having recently increased their holdings by about 450,000 ETH, which is typically a forward signal of confidence in the market.
📉 Bearish Arguments: Hidden Concerns Remain
· Medium-Term Weakness: Despite the recent rise, prices have still dropped -18.34% over the past month, and the correction cannot be ignored.
· Institutional Slowdown: A key change is that the purchasing power of corporate treasuries is weakening: November purchases were only 370,000 ETH, a significant decline of 80% compared to the frenzy in August (1.97 million).
· Veteran Sell-Off: Long-term holders (holding for 2-3 years) seem to be taking profits or adjusting their positions, with their circulating share dropping from 8.51% at the beginning of November to 7.33%, which could affect market stability.
⚖️ Neutral Arbiter: Key Technical Points
The market is currently on a tightrope, with technical analysis providing neutral signals.
· Life-and-Death Line: $3,100** is the core resistance level, and once volume breaks through, the upside potential may open. Below, **$2,850 is the trend support; if lost, it could trigger short-term volatility.
· Volatility Alert: The current volatility is estimated at 2.12%, indicating the market is still choosing a direction, and decisions should be made with extra caution.
💎 Core Summary
The current situation for ETH can be summarized as follows: short-term sentiment is buoyed by whale accumulation and expectations of technical upgrades (Fusaka upgrade), but medium-term faces pressure from cooling institutional demand and sell-offs by long-term holders. The market is waiting for a decisive force to break the stalemate.
