Ethereum Short-term Highlights (12/15)
Current price is about 3125 USD, barely holding the 3100 mark on the daily chart, showing a small bullish candlestick pattern. From the 4-hour chart, the price is testing near a key trend line.
Bullish scenario: If there is sufficient volume to break above 3135, consider following up with long positions, with the first target at the 3180-3220 range. It is recommended to take profits in batches and set a stop loss below 3080.
Bearish opportunity: If it pulls back to the 3000 support level, this might actually be a window for a low buy rebound, with upward targets pointing towards the 3350 mid-term.
It’s important to note that liquidity tends to be thin at the end of the year, and the risk of false breakouts is not low. It's advisable to treat this lightly, as volume is the true signal of a breakout, and don't be fooled by false market movements. $ETH
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