In the live broadcast of the language community: ETH key support is in urgent need, the battle between bull and bear is tonight?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 ETH oscillated and fell 3% today, short-term bearish but long-term positive lurking The digital currency market is constantly changing, and ETH, as the second largest cryptocurrency, its price fluctuations always affect the hearts of countless investors. Today's market situation once again proves the uncertainty of the market. As of September 20, 2025, the price of Ethereum (ETH) is hovering around $4450, with a intraday decline of 2.17% -3%. This decline not only reflects the cautious sentiment of the market, but also reveals the intense game between long and short sides in key positions. 01 Price performance, significant market pressure The price of Ethereum briefly fell below the $4500 mark earlier today, hitting a low near $4440. This decline marks a decrease of approximately 5.73% in ETH from its recent high of $4766. From the perspective of trading volume, market participation has significantly decreased. The latest trading volume has sharply shrunk to 6.65 million, far below the previous peak (such as 538 million on September 12), indicating that investors lack a clear trading direction at the current price. 02 Technical indicators, short-term trend weakening Technically speaking, ETH's short-term trend shows signs of weakness. In the 4-hour MACD indicator, DIF and DEA diverge at a dead cross below the zero axis, and the daily red momentum bar turns negative for the first time, indicating a weakening of the medium-term trend. The moving average system also conveys similar signals. The price has fallen below the 4-hour EMA7 (around 4499) and EMA30 (around 4531), and the short-term moving average has formed a death cross trend downward. The key support level is around 4430-4440, and the more important support level is in the 4380-4400 area, which is close to the daily EMA30 (around 4412). The resistance level is around 4530-4550. 03 Warehouse explosion data, multiple orders severely damaged In a downtrend, the contract market suffered a heavy blow. In the past 24 hours, the total amount of cryptocurrency contract liquidation on the entire network reached 231 million US dollars, with multiple liquidation accounting for the vast majority (about 198 million US dollars). ETH itself experienced a liquidation of approximately $55.06 million, accounting for 23.75% of the total liquidation amount. This reflects a higher market leverage ratio, and the bulls are more severely damaged during the decline. 04 Future outlook, long-term benefits still present Despite the weak short-term trend, the long-term positive factors for Ethereum still exist. The developers have tentatively scheduled the next major upgrade, Fusaka, to be launched on the mainnet on December 3, 2025. The Fusaka upgrade aims to enhance data optimization, increase gas restrictions, and expand blob space. The target and maximum blob count for each block will more than double, which will enhance Ethereum's scalability and reduce the cost of the second layer chain. Technical analysis shows that a "cup handle shape" may be forming on the ETH daily chart. If the price can rebound from the current support level and effectively break through the resistance of the trend line extended from August 24th, it may confirm this bullish form, and the theoretical upward target may even point to the $5300-6750 range. The ETH price has found temporary support around $4450, which is consistent with the position of the 20 day moving average of the index. The market's attention has now turned to the positive news of the Fushaka upgrade in December, while technically it is focused on whether a bottom form can be constructed above the support area of $4380-4400. In the next few days, if we can maintain support and re stand at the resistance level of $4550, it may open up space for a rebound to the 4600-4625 range Operation suggestion: BTC 115250 long first target watch 116350 second target watch 117765 ETH 4440 long first target to see 4500 second target to see 4555 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.