2024/12/23 Morning Analysis
Altcoins should follow the analysis of BTC. The current market still depends on the leader BTC's movements.
The overall thought for ETH is similar to BTC. When looking at specific levels, pay attention to:
3500 is a strong resistance level, and 3000-2800 is a strong support zone. Currently, ETH is stuck in the oscillation range of 3000-3500. The short-term market remains bearish, oscillating downwards.
Focus on BTC; if BTC can stop falling above 92300, then ETH could be positioned for a rebound long above 3000;
If BTC breaks below 92300, then ETH will likely delve deeper into the 3000-2800 range. At that point, wait for BTC to stop falling and rebound, then follow up with long positions for ETH near 2800.
