12.23 Ethereum Thought Process
The MACD indicator's trajectory shows that both lines are firmly positioned above the zero axis in a strong zone. Although the distance between them continues to narrow, the characteristic high-level death cross has not yet appeared, highlighting that the bulls still hold the market's dominant position. Meanwhile, the red energy bars are continuously shrinking, indicating that the short-term downward momentum is gradually exhausting.
Ethereum suggests around 2940 and 2980, targeting 3070, and if broken, continue to look towards 3150
