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#ETH走势分析 $ETH
Ethereum is in a rather awkward position right now.
On December 1st, it plummeted by 10%, with the price dropping directly below $2,800. A lot of people started to panic.
A veteran analyst on Platform X recently shared his opinion. He has over 110,000 followers and has been doing technical analysis on TradingView since 2014. He said: $3,700 is a critical level. If the bull market is really over, ETH won't be able to climb past this point; but if the bull market isn't finished, breaking through this price will send it flying.
This analyst's predictions have been quite accurate before. In early November, he said that Ethereum would retrace that month, and that if it dropped below $3,100, it would mean entering a bear market. Now he's set $3,700 as the new threshold.
Do you think ETH can break through?