Ethereum is hovering around $3100; breaking through $3300 is needed to reverse the downward trend.

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【Crypto World】Ethereum has recently been oscillating around $3100, with its upward momentum facing resistance. According to CryptoQuant data, the $2700-$2800 range forms a critical support line, which is the average cost basis for long-term holders. Compared to other altcoins, this support provides Ethereum with significant protection, but currently the 50-day and 100-day moving averages are creating overhead pressure.

Market participants generally believe that Ethereum must stay above $3300 to fully reverse its downward trend. Conversely, once it falls below $3000, the risk of a sharp decline will significantly increase. We are currently at a crucial divergence point—breaking upward could open space for gains, while falling downward might trigger a chain of stop-losses. What do you think about this trend?

ETH-0,85%
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DaoDevelopervip
· 01-10 06:05
ngl the 2700-2800 support zone is doing some heavy lifting here... long-term holders basically have a built-in floor, which is kinda elegant from a game theory perspective tbh
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ZenChainWalkervip
· 01-10 06:00
The 3100 level has been stuck for so long, indicating that the bullish momentum is indeed a bit weak. Brothers, do you really believe 3300 can reverse? I have my doubts. If 2700 can't hold, it's over. The chain stop-loss setup is really about to trigger.
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QuietlyStakingvip
· 01-10 05:45
3100 has been stuck for so long, feels like it can't break through... Still, we have to see if 3300 can be taken down. Once it breaks 3000, it's game over. This level is really a bit risky. The moving average resistance is so strong, the bulls are a bit exhausted. A key divergence point, the casino vibe is coming. The 2800 bottom is solid enough, at least there's a defensive line.
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GhostAddressHuntervip
· 01-10 05:42
Once again hitting the 3100 resistance, can it break through this time? Not very convinced.
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TokenSleuthvip
· 01-10 05:41
3100 is dead, it's really just fluctuating every day... Wait for 3300, or just go straight to buy the dip at 2700. The middle market movement isn't interesting. Once it breaks 3000, it's really going to crash. At that point, the stop-loss orders will fill the entire order book.
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