$ETH The bulls and bears are in a heated battle! 🚨

The price is hovering below the key resistance of 2995, and the bearish trend is showing signs of fatigue. After a rebound of over 2% from the low point, the current price has almost returned to the starting point of this decline. More importantly, the price is still trading above the trailing stop line (2963).

The MACD green bars continue to shorten, indicating weakening bearish momentum. But the warning has not been lifted! The area between 2995-3018 above is a dense resistance zone; only a volume breakout here can reverse the short-term downtrend.

Current situation: the bearish trend is stagnating, and a trend reversal should be watched carefully. In terms of operation, keep an eye on the gains and losses around 2995; a breakout calls for decisive exit from short positions. Support below is at 2955. ⚔️