Ethereum Market Analysis Reference for December 12:
Currently, Ethereum continues its bullish trend, reaching a peak near the resistance level of 3945. The short positions set at 3940-3950 have been profitable, and it's been a good day for harvesting profits.
Pay attention to the 1-4 hour market; the two levels of 3802 and 3765 are crucial. If these levels hold during a pullback, watch for a potential upward trend. If 3765 breaks, watch for support below.
Look for short-term long opportunities near 3795 if it stabilizes; however, be cautious of the risk of a spike and sell-off. The area around 3750-3765 should also be closely monitored.
For short positions, consider entering around 3900 and 3975, while paying attention to the situation around 3945-3950, as this is a minor resistance level.
Support levels are around 3880-3575-3495.
Resistance levels are around 3975-4050-4088.
Daily support is around 3760-3705.
Daily resistance is around 3970-4180.
For reference only.