Ethereum Latest Situation + Support and Resistance Levels Share!!! #ETH $ETH
🎄 Christmas Eve Market Qualitative: Liquidity Exhaustion, Downward Decline Seeking Bottom Latest Situation: Continuous Weakness: Compared to two days ago (23rd) at 2967, ETH continues to show a "resistance-free downward trend." The current price has effectively broken below the short-term neckline at 2950 and has fallen to 2934. Market Environment: Today is Christmas, and European and American funds are on holiday across the board, resulting in extremely poor market depth. During such times, a "downward decline with no rebound" trend often occurs, or a sudden spike may sweep away liquidity below. Key Signals: The 3000 level is gradually fading into the distance. Currently at 2934, it is only a step away from the key support levels at 2915 (Sunday's spike low) and 2880 (monthly strong support). The bears are attempting to test the buying strength at these two levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum Latest Situation + Support and Resistance Levels Share!!! #ETH $ETH
🎄 Christmas Eve Market Qualitative: Liquidity Exhaustion, Downward Decline Seeking Bottom
Latest Situation:
Continuous Weakness: Compared to two days ago (23rd) at 2967, ETH continues to show a "resistance-free downward trend." The current price has effectively broken below the short-term neckline at 2950 and has fallen to 2934.
Market Environment: Today is Christmas, and European and American funds are on holiday across the board, resulting in extremely poor market depth. During such times, a "downward decline with no rebound" trend often occurs, or a sudden spike may sweep away liquidity below.
Key Signals: The 3000 level is gradually fading into the distance. Currently at 2934, it is only a step away from the key support levels at 2915 (Sunday's spike low) and 2880 (monthly strong support). The bears are attempting to test the buying strength at these two levels.