December 8th, Sister Ting Discusses ETH
The overall medium-term bias is bullish on the 4-hour level, the Bollinger Bands have a wide space, with the upper band 3180-3220 being a key resistance and the lower band 2980-3020 providing solid support. Whether in short cycles or on the 4-hour chart, the moving averages are in a bullish arrangement, and the price remains above the moving averages. The 3070-3080 range is a short-term dividing line between bulls and bears; if it stabilizes here, there will be support for further increases. In terms of indicators, upward momentum is still present, but the KDJ and RSI on the shorter cycles have reached the overbought edge, indicating a potential slight pullback in the short term. If the volume follows, the upward trend can continue.
On the fundamental side, focus on the ETH ecosystem dynamics and staking rates, as well as Layer 2 and upgrade news, all of which are potential positives; on the macro side, the SEC ETF and Federal Reserve interest rate policies will also affect market liquidity. The current price has risen by 2.24%, but there is a net outflow of 110 million, with main players showing signs of exiting at high points. There are divergences between bulls and bears, but the overall market sentiment is cautiously optimistic.
Sister Ting's operational advice: Buy around 3100-3060,
Target at 3150, 3180.
The strategy is effective, keep a close eye on the points and don't hesitate. Friends who are unsure can like + follow, and consult Sister Ting anytime.
