#ETH走势分析 Ethereum Market Observation on December 7

$ETH Currently fluctuating around 3042. The previous push up to 3068 didn't hold, and after pulling back, it's been consolidating in this range. The 1-hour chart is quite interesting—first a long upper shadow, then a bunch of small candlesticks moving back and forth, a classic consolidation bottoming pattern.

Bulls and bears are now locked in a tug-of-war within the 3040-3050 box range. It tested the 3023 level on the downside and bounced back immediately, indicating that short-term support here is quite strong. What about the upside? There's significant resistance at 3068; every push up gets sold off, and it's clear there's selling pressure between 3060-3070.

From a technical perspective, the KDJ lines are starting to turn upward, with the J value breaking above the 50 axis, forming a golden cross pattern—short-term rebound momentum is building. The MACD histogram has turned positive, the DIF line is about to cross above the DEA, bearish strength is weakening, and the bulls are starting to take the initiative.

The middle Bollinger Band is at 3037, with lower band support at 3023, and upper band resistance at 3056. Above that is 3068. If it can hold above 3050 and break through the upper band, there's room for a rebound. If it can't break out, it's likely to keep fluctuating within the range.

In terms of trading, consider scaling into long positions if it pulls back to the 3010-2970 area, but don't go in too heavy. The initial target is 3065, and optimistically around 3090.

The above is purely personal opinion and does not constitute investment advice. Please operate with caution.