The rebound is just near the daily pressure level

Ethereum intraday market reference on January 3, 2025:
For reference only

Pay attention to the two positions of 3454 and 3405 in 1-4 hours. If it falls below 3405, pay attention to the short-term market of the 4-hour level callback. If it falls below 3454, pay attention to the short-term bullish opportunities near 3425 and 3410 below.

Intraday pressure level
3470-3525-2630
Intraday support level
3425-3385-3320

Disk analysis: The recent trading volume has decreased, the price has risen but the trading volume has decreased, indicating that the upward momentum has weakened. From the technical indicators, the MACD histogram continues to be positive and gradually shortens, indicating that the strength of the bulls is weakening.

On the whole, the subsequent market of Ethereum may have the following trends:

- Possibility of rising: The last K line is a positive line and the MACD histogram is shortening but still positive, indicating that the bulls still have strength. If there is new buying in the future to push the trading volume to increase again, the price of Ethereum may continue to rise and break through the recent resistance level.

- Possibility of falling: There is a divergence between volume and price at present, with the trading volume decreasing and the price rising, the upward momentum weakening, and the MACD bar chart gradually becoming shorter, and the strength of the bulls is weakening. If the selling pressure continues to increase, or new negative factors appear in the market, causing the confidence of the bulls to be frustrated, the price may
seek support from the support level below.

- Possibility of sideways consolidation: In the absence of obvious upward or downward momentum, the price of Ethereum may enter a sideways consolidation stage, fluctuating within a certain price range, waiting for new changes in market news or capital to break the balance.
$ETH