December 19th Ethereum Early Morning Market Analysis Reference
For learning purposes only, does not constitute investment advice.
Yesterday was another profitable day, even the altcoins we were trading were all profitable, the market rhythm is good, and we can collect profits beautifully every day. There was news in the early morning, be aware of the risk of sudden price spikes.
Currently, Ethereum is in a bearish trend on the 1-4 hour charts, with the 1-hour chart oscillating near key levels. Pay attention to the two levels of 3867 and 3923 on the 1-4 hour charts. If the 1-hour chart stabilizes above 3867, watch for resistance levels above at 3890-3925-3970. If it breaks below the support at 3822, focus on the stabilization opportunities for long positions near 3775-3770. With news in the early morning, it is likely to be a back-and-forth rhythm, so be mindful of risk control. Be cautious at 3810; if it breaks and does not successfully close above this level by 8 AM tomorrow, be wary of a bearish daily trend, increasing the probability of a weak bearish market going forward. We should still pay attention to our stabilization long opportunities near 3810-3820. Support levels are near 3810-3770-3700.