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Ethereum Latest Situation + Support and Resistance Levels Share!!! #ETH $ETH
🎄 Christmas Eve Market Qualitative: Liquidity Exhaustion, Downward Decline Seeking Bottom
Latest Situation:
Continuous Weakness: Compared to two days ago (23rd) at 2967, ETH continues to show a "resistance-free downward trend." The current price has effectively broken below the short-term neckline at 2950 and has fallen to 2934.
Market Environment: Today is Christmas, and European and American funds are on holiday across the board, resulting in extremely poor market depth. During such times, a "downward decline with no rebound" trend often occurs, or a sudden spike may sweep away liquidity below.
Key Signals: The 3000 level is gradually fading into the distance. Currently at 2934, it is only a step away from the key support levels at 2915 (Sunday's spike low) and 2880 (monthly strong support). The bears are attempting to test the buying strength at these two levels.