New Monthly Layout and Market Focus Points:
ETH Exchange Rate Trends:
The exchange rate of Ethereum (ETH) has shown a steep upward momentum, currently experiencing a consolidation phase, which is favorable for subsequent rises. This consolidation helps to accumulate momentum and prepare for the next wave of increase. The short-term support level to watch is around 3570, while 3730 is a strong resistance level. Once the support level is broken, it may lead to a certain pullback, but the overall outlook remains bullish.
Performance of Altcoins:
With Ethereum's strong leadership, many altcoins have welcomed daily and weekly level rebounds, and market sentiment has improved. However, as the overall upward momentum of the market weakens, there may be a slight adjustment in the short term. Investors need to be cautious in timing their entry to avoid chasing high prices.
Market Volatility Factors:
On the 5th of this month, non-farm employment data will be released, followed by CPI (Consumer Price Index) data on the 11th, and the Christmas holiday at the end of the month may also bring market volatility. These important events could have a significant impact on the market, and investors should pay attention to market reactions before and after data releases, ensuring proper risk management and strategy adjustments.
