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 is trading at approximately $2 966, showing significant volatility in recent days. This dynamic highlights the active interaction between buyers and sellers at key levels, creating new opportunities for strategic entry and exit. As the saying goes in trading: "Those who pay attention to the market and wait when everyone is pessimistic often find the best opportunities."
Ethereum is still in a consolidation phase, and after recent fluctuations, a cautious optimism has emerged among market participants. The demand for this asset benefits from the stable activity on the network, including the use of DeFi, NFTs, and smart contracts, which demonstrates the real value of ETH, rather than just speculative interest.
Current key levels and momentum:
1. Main support: $2 900–$2 920 — Crucial for short-term stability.
2. Additional support levels: $2 850–$2 880 and $2 800 may provide a secure foundation under further pressure.
3. Lightning Resistance: $3 050–$3 120 — The barrier to the recovery of bullish momentum.
4. Expansion targets in a bull market scenario: $3 300–$3 600+, if buyers maintain control and trading volume confirms the breakout.
In the short term, ETH shows a neutral bullish sentiment. Traders should closely monitor the price behavior around $2 966: if it stabilizes above $2 900, it may create conditions for a rebound, while falling below this key level would increase the likelihood of testing $2 800 or lower.
Network activity indicates the health level of user participation: the number of active addresses remains stable, and the exchange inventory has slightly decreased, which reduces selling pressure and supports supply-demand balance. This confirms that the current dynamics of Ethereum are supported by real transactions, not just speculative price fluctuations.
Ultimately, the Ethereum market demonstrates a cautious optimism, but it is not without risks. Volatility remains high, making position management and controlling key levels crucial. Observing market signals and user activity will help prepare for potential trends of ETH in the coming weeks.
Terminology Guide:
1. Key levels - important price markers on the chart that typically act as barriers to price movement. Support helps to suppress declines, while resistance limits rises.
2. Trading is the process of buying and selling financial assets based on market and price analysis to obtain profits.
3. Consolidation Phase - Asset prices fluctuate within a specific range, showing no significant upward or downward trend.
4. Momentum (Momentum) — The speed and strength of asset price changes, helping to assess whether a trend will continue.
5. Bull Market (Bullish trend) — Market condition where prices are primarily rising, indicating the optimism of participants.
6. 熊市 (Bearish trend) — Market condition where prices are primarily falling, indicating pessimism or selling pressure.
7. Extended resistance ( — An area or level where the price faces strong selling pressure, making further upward movement difficult.
Not an investment advice.
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#ETHTrendWatch $ETH