The US market is about to open. Can Ethereum break through the resistance? Let's clear the fog of the market and see the true intentions of the main players.

Currently, ETH/USDT shows a typical "bittersweet" trend, with a key decision ahead. Bulls and bears are fiercely contesting at critical levels.

**Market Perspective in Three Layers:: Moving Averages Resistance vs. Range Defense**

From the daily chart, this is a classic bearish pattern. The price is tightly held down by the EMA moving averages, with rebound highs gradually decreasing. The 2800-2900 zone has become the last line of defense for the bulls, but they seem powerless.

The 4-hour chart is more interesting. The channel formed by the pink EMA144 and blue EMA160 has accumulated heavy selling pressure around 3022-3033. The price struggles below, with each rebound appearing weak. Bears are deploying layered defenses here.

The 1-hour chart is even more painful—price is being suppressed by short-term moving averages (EMA144/160, around 2960). What does this indicate? The short-term momentum for upward movement is still insufficient.

**The core contradiction is quite clear:** Bulls are desperately defending the previous low of 2890, but bears have already laid a trap with moving averages. Bulls want to push higher, but bears won't let them. The price is now hovering around 2948, caught in a dilemma.

**Trading Suggestion: ⭐⭐⭐ Cautious Mode**

Why not five stars? Because the price is stuck in a middle ground, which is too awkward. There is support at 2890 below and resistance from moving averages above. No clear directional signal has emerged yet, so avoid rushing into heavy positions at this time.