Ethereum Analysis from 1-22

ETH has effectively broken below the key psychological level of 3000, marking the complete end of the oscillating upward structure that began in December last year! Currently, the price has lost support from all major moving averages, with resistance zones densely pressing from above, and the large-scale bearish trend is officially confirmed.
The key resistance level for the early morning rebound has also moved up to around 3050. Subsequent rebounds must be accompanied by significantly increased trading volume to break through effectively; otherwise, it is highly likely to face resistance and fall back, forming a secondary bottom.
Trading suggestion: Consider short positions in the 3030-3060 range, with targets at 2900-2950. #Gate每10分钟送1克黄金 #现货黄金再创新高 #社区成长值抽奖十六期