Can ETH hit a new high? The key depends on the $3100 defense line.

I recently saw an old-timer in the community make a judgment on the ETH trend, and I found it quite interesting.

He believes that this November, ETH is highly likely to form a higher low pattern. If this pattern can be confirmed, then the probability of reaching a historical new high in December will be much greater. From a technical perspective, the logic indeed makes sense.

The key focus now is the $3100 position. If the bulls can hold this line, the upward trend can continue. But if it breaks, the situation may change, and we need to be prepared for adjustments.

This analyst has been around for quite a while, starting to share insights on various platforms back in 2014, and now has over a hundred thousand followers on social media. Although no one can predict the market with 100% accuracy, such an experienced voice is still worth considering.