$ETH

🟣 ETH was directly knocked down after reaching around $2879, and on Friday it even fell below the key 20-day moving average ($2580), which immediately suppressed the hope of breaking through $2735.

⚖️ Current Situation: Supply and demand are in a tug-of-war, with neither side giving in!

The 20-day moving average is flat + RSI has returned to the middle line, indicating that market sentiment is stuck in a deadlock, with bulls and bears unable to budge.

If the price rebounds from the current position, shorts will likely hold the line firmly in the $2735-$2879 range.

📉 Downward Risk: Is $2323 the bottom line?

If it can't hold, ETH may continue to fall below $2323, targeting $2112, and bulls need to be cautious.

🚀 Upward Hope: Break $2879 first, then look to $3150!

If buying pressure is strong enough to break through $2879, that would mark the beginning of a new upward attack!

Next, we may see ETH challenge the $3150 milestone, igniting sentiment and an expected upward trend!