12.11 Early Morning ETH Prediction Analysis
ETH has completed a bottoming-out and is currently consolidating around 3386.43, overall in a pullback phase of a short-term upward trend. Liquidity is low in the early morning, with capital speculation focusing on the core oscillation range of 3350-3400, which serves as both a relay support and a short-term resistance conversion point during the upward process. The direction of the breakout will determine the rhythm of the early morning trend.
Bullish
- Entry Range: 3350-3380 (the pullback support area after the rise, also the previous area of concentrated capital absorption)
- Target Range 1: 3400-3420 (the key resistance level for the extension of the short-term trend)
- Target Range 2: 3450-3470 (the extended target level for the upper end of the previous oscillation)
- Stop Loss: 3320 (if it falls below this, the short-term upward structure weakens)
Bearish
- Entry Range: 3400-3420 (the resistance area where short-term upward movement faces pressure, with selling pressure gradually accumulating)
- Target Range 1: 3370-3380 (the central support level of the current consolidation)
- Target Range 2: 3330-3350 (the core area of oscillation before the rise)
- Stop Loss: 3450 (if it breaks through this, the bearish trend will be invalidated)
Risk Warning
1. Low liquidity in the early morning may lead to small price spikes within the core range; it is recommended to use limit orders to avoid slippage.
2. ETH has a strong correlation with BTC, so attention should be paid to BTC's range breakout situation to avoid misjudging the trend of a single asset.
3. Before breaking 3420 or falling below 3350, focus on range trading, strictly control positions, and avoid blindly chasing highs or lows.
