12.28ETH Market Analysis🚩
Yesterday, ETH (Ethereum) reached a high of 3445 on the daily chart before pulling back, ultimately closing at 3335. The key support level below is at 3225, and a pullback to this area could be considered for building a long position. The primary resistance above is at MA14; once broken, we may look further towards MA30. The MACD shows a weakening of bearish strength, indicating signs of a potential golden cross.
On the four-hour chart, ETH is in a volatile pattern, with MA60 forming short-term pressure. If broken, it could reach MA90. The MACD dual lines are converging, and the trend is stabilizing. For short-term operations, it is recommended to look for opportunities to go long within the range of 3240-3177, expecting a rebound to the range of 3500-3640.
