Ethereum 12.12 Early Morning Market Analysis Reference:
Currently, Ethereum's 1-4 hour resonance has moved in a bullish wave, reaching a peak near the resistance level of 3820. In the early morning, attention should be paid to market fluctuations, as the probability of a decline is relatively high.
For the 1-4 hour market, pay attention to the two levels of 3695 and 3750. If the price retraces without breaking these levels, watch for a potential upward consolidation. If 3695 is broken, pay attention to the support below.
Look for short-term long opportunities around the stabilization near 3665-3675, but be cautious of risks from sharp price movements. The area around 3530-3505 should also be closely monitored.
For short positions, it is advisable to consider entering near 3900 and 3975, while paying attention to the situation around 3945-3950, which is a minor resistance level.
Support levels are around 3660-3575-3495.
Resistance levels are around 3825-3900-3975.
For reference and learning purposes only, not constituting investment advice.