December 10 ETH

Support levels: 3136, 3056

Resistance levels: 3400, 3450

If it does not break below 3136, you can go long, add positions at 3056, with a stop loss included, first take profit at 3400, second take profit at 3450. If it does not break above 3400, you can go short, add positions at 3450, with a stop loss included, first take profit at 3136, second take profit at 3056.

ETH four-hour chart, currently in a technical correction after rising to the upper Bollinger Band, the Bollinger Band is trending upwards, the opening is widening, corresponding prices for the three lines: 2987, 3123, 2851, the one-hour chart shows the three lines of the Bollinger Band trending upwards.

The four-hour chart shows short-term moving averages trending upwards, arranged in order, the market is running above MA5, the one-hour chart's short-term moving average MA5 is turning down, crossing below MA10, while MA10 and MA30 are trending upwards.

MACD on the four-hour chart is above the 0 axis with double lines trending upwards, bullish momentum is weakening, on the one-hour chart the fast line is turning down above the 0 axis, the slow line is trending upwards, bearish momentum is weakening.

The RSI indicator on the four-hour chart is in the oversold trading phase with the buy line turning down, the sell line trending upwards, the double lines correspond to values 86, 81, while the one-hour chart shows the double lines trending down in the normal trading phase, corresponding values are 49, 44.