#加密市场回调

Ethereum Price Prediction

Ethereum (ETH) has retreated from the resistance level of $2,738, indicating that bears are strongly defending this level.

The ETH/USDT trading pair may test the 20-day moving average ($2,388), which is a support level worth paying attention to. If the price rebounds strongly from the 20-day moving average, bulls will attempt to break through the $2,738 resistance again. If successful, the trading pair could soar to $3,000. There is resistance at $2,850, but it is likely to be broken.

If the price continues to decline and falls below the 20-day moving average, the above bullish outlook will be invalidated in the short term. The trading pair could plummet to $2,323, and then test $2,111.