December 20 ETH Strategy Analysis

Conclusion: The market is volatile, with a range between 2992-2970

Resistance levels: 3018, 3065, 3176

Support levels: 2932, 2872, 2777

If it does not drop below 2932, you can go long, add positions at 2872, with a stop loss set by yourself, first take profit at 2932, second take profit at 2872. If it does not break above 3018, you can go short, add positions at 3065, with a stop loss set by yourself, first take profit at 2932, second take profit at 2872.

ETH four-hour chart, Bollinger Bands opening wider, the middle line trending upwards, corresponding prices for the three lines: 2909, 3041, 2777, the one-hour chart shows the middle line of the Bollinger Bands trending upwards.

In the four-hour chart, the short-term moving average ma5 is turning upwards, ma10 is trending upwards, ma30 is trending downwards, the market is operating above ma5, the one-hour chart shows the short-term moving averages ma5 and ma10 crossing, with ma30 trending upwards while the market remains above the middle line.

MACD on the four-hour chart is below the 0 axis with a double line trending upwards, bullish momentum is weakening. On the one-hour chart, above the 0 axis, the double line is trending downwards, bearish momentum is strengthening.

The RSI indicator on the four-hour chart is in the oversold trading phase with a double line crossing, corresponding values 99, 98, on the one-hour chart in the normal trading phase, the golden cross is trending downwards, corresponding values 41, 36.