Recently, many friends have given feedback, asking how Ethereum is trending. Let me briefly explain that after Ethereum closed the daily line last night, there is an upward trend strength. Today, it surged to around 2720 USD, and this breakthrough trend has directly reversed the previous weak pattern.

At this moment, 2685 USD has become a key resistance level in the near term. If Ethereum can effectively hold this price level, it means that the upward channel will be reopened, and the price is expected to rise to the range of 3000 USD to 3400 USD. However, if it fails to hold, we must pay attention to the risk of a pullback. If it cannot hold around 2450 USD, Ethereum may enter a new downward channel, potentially looking towards 2300 USD to 2100 USD. Everyone should pay close attention to the market, and be prepared for any changes. The above is for reference only $ETH