Looking back at Ethereum (ETH) performance after hitting the bottom in August 2022, we remind market participants to pay close attention to the key resistance level of the MA120 weekly moving average at $2450.
If the price fails to break through, it is highly likely to replicate the market trend of August 2022, potentially leading to a pullback in the bullish trend. Only when the price successfully breaks through the MA120 weekly moving average at $2450 and holds for at least a week can we confirm a trend reversal for ETH. It is crucial to pay attention to this key point!
