12.04 Evening ETH Analysis: Pullback Window Open, Tonight's Layout is Just Right
The short-term rhythm of ETH is synchronized with the market, and the current daily level has completed a pullback repair, overall in a bullish rebound trend. Since recently hitting the bottom, the price has gradually risen and entered a consolidation phase, with technical indicators showing a strong repair trend.
From the hourly chart, after confirming a short-term low near 3030, ETH's rebound process has been accompanied by a slight pullback, which is a healthy 'advance two, retreat one' rhythm. Currently, bullish strength is gradually accumulating; if it can stabilize above 3200 in the future, it is expected to launch an attack on higher resistance levels; if there is a short-term pullback, it is also a reasonable pullback consolidation.
Based on the above analysis, it is recommended to buy on the pullback:
• ETH: Enter the market when the price pulls back to around 3150, targeting 3250-3300
