ETH Market Analysis 🚩
Yesterday, ETH's daily trend showed a decline, reaching a high of 3405, then dropping to 3220, and finally closing around 3280. The key support level below is at 3130; if it breaks down or further tests the MA360 yearly line. It is recommended to buy on dips near the support level. Above, attention should be paid to the pressure from the MA7 moving average; once broken, it may look to test the MA30.
On the four-hour chart, MA30 constitutes resistance above; once broken, it may test the MA200. The MACD indicator is oscillating, with the two lines close together; it is recommended to buy in the range of 3131-3050, with an expected rebound target in the range of 3450-3665.
