Ethereum's decline is hard to stop, and the $3,300 mark is at risk! The market is waiting for a 'big event'?
The price of Ethereum has once again fallen below the key support level of $3,450 and is approaching the critical threshold of $3,300. After repeatedly testing the resistance at $3,550, the bulls have clearly lost their ability to counterattack, and bearish sentiment is spreading in the market.
Worse still, technical signals continue to deteriorate: breaking key moving averages, losing trend lines, and gradually breaching Fibonacci retracement levels. If the $3,300 support cannot be held in the short term, ETH may face a deeper adjustment, with targets possibly pointing to $3,250 or even $3,110.
However, the market has never lacked surprises. If the bulls can counterattack in the $3,420 area, pushing the price back above $3,500, and even breaking the $3,550 resistance, it may ignite a new wave of upward momentum. Is it a deep plunge or a reversal? Everything is right before our eyes!
Follow Brother Jie’s analysis closely; every market movement will keep you one step ahead, seeing deeper and further!
