The concubine has gone through two months of bottoming out, and in November, the monthly line closed with a large bullish candle of 43%, an increase of 1112 points, but the trading volume did not significantly increase, and there is still upward space in December's market.
Currently, the ETH price has not yet broken the previous high, and there is still space to reach the target. Various ecosystems are in a warming phase, and a short-term pullback is actually a good opportunity to get in, so don't be scared!
Technical analysis: The daily chart shows a stable bullish trend, with a healthy increase. It is expected to break through the last trapped positions of this year's bull market (the 3750-3850 range). The 4-hour chart is repeatedly testing the breakout, with a pullback near 3750 and clear support at 3680. In terms of operations, pay attention to bullish opportunities in the support range of 3680-3600. A breakout above 3850 could lead to new highs.
December is often considered a period for institutions to cash out for annual reports, which also provides us with an opportunity to observe strong coins. After institutions exit and BTC pulls back, it may present an excellent opportunity to bottom fish quality altcoins.