Where is the applause?

The following is an analysis of the Ethereum intraday market on January 4, 2025:

- Previous Trend: Ethereum previously showed a fluctuating upward trend and has reached the resistance level and short-selling point near 3630 provided in the early morning, resulting in a small one-sided upward trend.

- 1-Hour Level Trend: Currently in the 1-hour level pullback phase, the key lies in the support situation in the 3570-3560 area. If this area holds, it indicates that bullish forces still dominate, and the market is likely to continue looking bullish; if it breaks below this area, 3540 and 3485 below will become new support levels, which may present short-term long opportunities, but caution is needed for major pullback risks at this time. Only when the price stabilizes at these support levels can long positions be considered.

- 4-Hour Level Trend: At the 4-hour level, the focus is on the support near 3480. If this support level holds, the overall trend will maintain a fluctuating upward trend; if 3480 is broken, it will trigger a pullback in the 4-hour level. Additionally, the area around 3460 is also an important point where there may be long opportunities.

- Intraday Resistance and Support Levels: The intraday resistance levels above are 3640, 3670, and 3715 in sequence, while the support levels below are 3537, 3460, and 3435 in sequence. During the price increase, if it touches the resistance level, it may face resistance and pull back; during the decline, if it touches the support level, it may gain support and rebound.

For reference only, the previous details were too detailed, here’s a different version. $ETH