#ETH

ETH Market Analysis (4H)

Let's take another look at Ethereum's recent trend and some objective analysis from the experts on one machine! Do the key support levels given in the last analysis still hold any significance, brothers? First is the EMA200 average price level, currently at 3099, which was at 3089 during the last analysis, and the subsequent drop went as low as 3100. Next is the 0.618 level at 3015!

The current trend is not very strong; considering the market dynamics, it is a normal phenomenon. Currently, it is also close to Christmas, which leads to insufficient liquidity in the market, and there is a lack of momentum. We need to wait for the market direction after the holiday! The key points to pay special attention to remain the two levels mentioned above!

The resistance to watch above is at the levels of 3600 and 3724!