Price pressure has receded, failing to break through the daily 200-period moving average/exponential moving average and the key resistance level near $3350.
However, overall, Ethereum's performance remains relatively strong compared to other cryptocurrencies in the market.
Although the recent price movements have lacked fluidity, technical analysis shows that the overall upward trend has not changed since the low point in November. So far, this round of increase has only been a slow climb accompanied by severe fluctuations and range oscillations.
Continuously focusing on the formation of higher highs and higher lows is the core key to judging the direction of short-term to medium-term trends.
