12.4 Morning ETH Analysis

The price of Ethereum is under pressure near the daily high of around 3216 and has fallen back. Currently, although it has regained the middle track during a series of rising days, forming a technical breakout on a small scale, the short-term structure shows a relatively strong trend. However, the overall momentum remains moderate, with no clear signal of unilateral strength, and the trend is still in a consolidation pattern.

From the current market observation, although it has returned above the middle track, the upward force is limited. Multiple tests at high positions have not formed effective extensions, indicating that there are still divergences in the market at critical positions. Although a bullish outlook can be maintained in the short term, the continuity of the market's movement remains to be observed, and whether the upward space can be further opened still requires subsequent volume support.

It is recommended to buy around 3150 and 3100, with an initial target of 3250 and a breakout target of 3400. $ETH #ETH走势分析 #加密市场观察