12.18ETH Midday Market Forecast Analysis
Midday ETH is likely to show a tendency for strong oscillation and upward attack: on one hand, the morning drop did not break the key support at 2810, and the quick rebound recovered most of the lost ground, indicating that bullish momentum still prevails; on the other hand, there is certain profit-taking pressure near the intraday high of 2846.81, making it difficult to break through directly. The price is expected to oscillate within the range of 2830-2845. If trading volume continues to follow, a breakthrough towards the pressure level of 2850 may be attempted; if the volume is insufficient, it will maintain a strong consolidation within the range.
Trading Reference
If the price stabilizes after a pullback in the range of 2810-2825, a light position can be attempted for long, with the target looking at 2840-2845, and a breakthrough target at 2875. Stop-loss should be set below 2800.
If the rebound is pressured in the range of 2845-2850, a short position can be attempted in the short term, with the target looking at 2835-2830.
Observation Strategy: If the price directly breaks through the previous high of 2846 with an increase in trading volume, it is recommended to wait and observe, waiting for a pullback confirmation before following the trend; if there is a quick break below the support at 2830, it is also necessary to observe and avoid the risk of breakdown.
