$ETH 12.12ETH trend is not consistent with Bitcoin, primarily due to the lack of significant movement in major funds, which is still a liquidity issue. Technically, after the double bottom reversal on the daily chart, the price's low points during each dip keep rising, indicating that the market is still accumulating. Meanwhile, on the hourly chart, the price is oscillating around the 3300-3180 vacuum area. Currently, there is no major capital intervention in the market, but there is a lot of bottom-fishing capital, which leads to stronger resilience against declines. It is not ruled out that in the US trading session, major funds may re-enter to drive retail investors to raise the momentum. Therefore, it is recommended to primarily focus on low longs, and the high short point is suggested to be around 3360.
Operating suggestion: buy at 3230, with a stop loss of 20 points, aiming for a target of 3300-3360.
For shorts near 3360, with a stop loss of 20 points, targeting 3300.
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ETHUSDT
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