12-05 Midday $ETH Viewpoint
Currently, the ETH price is around 3162, with an intraday increase of +0.98%. After confirming the support at 3150 in the morning, Ethereum showed a slight rebound, and the price is currently stable above 3160, fluctuating. The overall rhythm is characterized by "testing the bottom and stabilizing, weak recovery, waiting for direction." Bullish sentiment is returning, but the selling pressure above remains heavy, and the market sentiment is cautious.
BOLL: The upper band is at 3238, the middle band is at 3170, and the lower band is at 3108; the Bollinger Bands are slightly narrowing, indicating a decrease in volatility. The candlestick is repeatedly testing below the middle band, with short-term support being solid, but it has not yet formed an effective breakout. If it can stabilize above 3175 again, it will open up further rebound space.
MACD: DIF: 5.6, DEA: 6.1, MACD: -1.07 (green bars shortening) After the MACD death cross, the green bars are shortening, indicating a decrease in bearish momentum, showing that the downward momentum is nearing its end. If it continues to converge afterward, it is expected to form a bottom divergence structure within a short cycle.
Long Position
Entry Point: 3135 – 3150 (nearby) Support encountered on decline
Target Price: 3200–3220
Stop Loss Position: 3115, breaking this can consider exiting directly.
Short Position
Entry Point: 3225 – 3245 Resistance encountered on rebound
Target Price: 3175-3150
Stop Loss Position: 3265, breaking this can consider exiting directly.
The short-term structure of ETH is healthy, with the 3150 support being validated, and the MACD showing signs of stabilization. The short-term rebound momentum is still present, but overall it remains in a fluctuating repair rhythm. It is recommended to maintain the "buy low and sell high" range strategy, waiting for a breakout before determining the medium-term direction.
Ethereum has rebounded after holding the 3150 support, with the trend being strongly fluctuating, dominated by low buying and high selling defense.
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