After the meeting, is there an increase instead of a decrease?
Ethereum's current price hovers around $2925, with a slightly weak short-term trend. From a technical perspective, the price has fallen below the middle band of the Bollinger Bands, indicating that the market is facing moderate bearish pressure.
Currently, the key support level is at the round figure of $2900. If this level is lost, it may further test $2875 and even approach $2840. On the upside, $2950 constitutes significant resistance in the near term, and only a strong breakthrough above this price will present the opportunity to challenge the $2980 to $3020 range.
Overall, Ethereum is currently in a narrow oscillation range between $2880 and $2960. To restart an upward trend, we need to see the price form a strong breakthrough and stabilize above $2950. Until then, the market may continue to maintain a consolidation pattern.
