🥰🥰ETH Price Analysis on December 19, 2024
As of December 19, 2024, ETH is trading around $3,682, down approximately 4.2% from the previous day.
🤩1. Technical Analysis
Support:
👍$3,400: The nearest support level where buying pressure may emerge if the price continues to adjust.
👍$3,100: The next support level, reinforcing the upward trend if the price drops further.
Resistance:
👍$4,000: The nearest resistance level, corresponding to the recent highest peak.
👍$4,300: The next target if the upward momentum continues.
🤩2. Momentum Indicators
RSI: Approaching the oversold zone, indicating the possibility of a correction or accumulation in the short term.
🤩3. Recommendations
👍Short-term investors: Consider taking profits or cutting losses and monitor support levels to reinvest when the price stabilizes.
👍Long-term investors: May continue to hold but should closely monitor market developments and related policies.
🤩4. Support for the author:👉Tips: 23223650.Thanks🥰
