Good morning, brothers. Today is the last Monday of 2024.
From the recent trends, it seems that Ethereum is stronger than Bitcoin. The hourly level is still in a 4-hour pullback trend, but the 4-hour pullback has shown signs of insufficient downward momentum.
From the daily level, the candlestick is oscillating upwards, with the pullback bottom getting higher and gradually showing a tendency to reclaim the MA60. Its MACD also shows signs of contraction below zero, and once it turns upward, Ethereum will aim to challenge the 3600 resistance level.
In the short term, any intraday pullbacks are opportunities for spot bottom fishing and increasing positions. If Ethereum can pull back to around 3300 or below in the near term, it would be a good chance to accumulate spot in batches.
