12.15ETH Midday Forecast Analysis
ETH dipped to 3022.51 in the early session and then rebounded strongly to the 3150 level, subsequently facing pressure and pulling back. During midday, it oscillated in the range of 3110-3130, showing a pattern of bottoming out and then a peak before retreating, with intense short-term bullish and bearish battles. Support: 3110 is the lower edge of the midday oscillation; if it breaks, watch for 3080-3090; strong support is at 3022.51; Resistance: 3150 is the intraday high, and 3130-3140 is the key short-term resistance; if broken, it is expected to rise to 3180-3200. It is highly likely to oscillate between 3110-3140 during midday; if it stabilizes above 3130, bulls may aim for 3150; if it falls below 3110, it may retest 3080-3090. Overall, the rebound momentum is diminishing, and a confirmation of trend through a breakout is needed.
Operational Advice:
Core Long Zone: 3110–3120
This area is the lower edge of the midday oscillation and also the confirmation point after the early rebound. If it stabilizes in this range, bullish momentum will continue.
Aggressive traders can go long lightly in the 3110-3115 range, with a stop-loss set below 3100, aiming for 3130-3140, and after a breakout, targeting the intraday high of 3150.
Strong Support Long Zone: 3080–3090
This level is the previous rebound starting point. If it falls back to this level during midday, it presents a buying opportunity after a pullback. Set a stop-loss at 3070, aiming for 3120-3130.
Core Short Zone: 3140–3150
This range is the pressure zone of the intraday high, which has been tested multiple times without breaking. After facing pressure, bears may easily exert force.
Cautious traders can go short lightly in the 3140-3145 range, with a stop-loss set above 3155, aiming for 3120-3110, and if it breaks down, look for 3080-3090.
Weak Short Zone: If it directly breaks below 3100 in the afternoon, follow the trend and short it, with a stop-loss set at 3120, targeting 3070-3080.
