Analysis reference for Ethereum market on January 2, 2025:

Points to note:

- Optimistic factors and potential for rise: Some cryptocurrency analysts predict that Ethereum will see more capital inflow in January 2025, performing strongly compared to Bitcoin. If this happens, it will provide strong support for Ethereum's price.

- Pessimistic factors and potential for decline: The cryptocurrency market is greatly influenced by regulatory policies. If any unfavorable regulatory news regarding cryptocurrencies emerges on January 2, it may trigger panic selling in the market, leading to a decline in Ethereum's price.

Pay attention to the period from 1 AM to 4 AM, particularly the levels of 3345 and 3365. If there is a rebound and it stabilizes above 3345 and 3365, then there is a high probability that Ethereum will return to a bullish trend. Currently, the Ethereum market shows bearish pressure above, oscillating back and forth. The morning market focuses on the levels of 3345 and 3365. If it breaks below 3345 without stabilizing, the bearish trend may continue. It will be necessary to pay attention to the support levels below.

Short-term bullish positions should stabilize around 3320 (having been tested multiple times, the risk is relatively high; it is recommended to observe for stabilization before entering, with a good stop-loss).

Daily resistance levels to note: around 3385-3418-3455.

Daily support levels to note: around 3316-3212-3125.

Weekly support around 3270 needs to be monitored for opportunities.

K-line patterns and indicator analysis reference:

- K-line pattern: The recent 4-hour K-line shows a significant decline in Ethereum's price compared to 00:00 on January 1, a rebound compared to 00:00 on December 31, and a decrease compared to 12:00 on December 31, forming a small bearish candle. The last K-line is a bearish line, with the closing price less than the opening price.

- KDJ indicator: Currently, there is no KDJ golden cross or dead cross. The KDJ value is 30, and the market is in a fluctuating state.

- Volume-price relationship: Recent trading volume has decreased, with both price and trading volume declining, indicating a quiet market with inactive trading.

- MACD indicator: The MACD histogram remains negative and is gradually shortening, showing that the bullish forces are strengthening, but there is still no clear trend.

For educational and exchange reference only 😊$ETH