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December 5 Market Analysis
Last night, Ethereum once again attempted to break through 3240 but was blocked, and then quickly dropped to around 3060 before starting to rebound. With most of the positive news already released, the upward trend will likely slow down. The market is expected to gradually oscillate upwards in line with interest rate cuts. During today’s daytime session, watch to see if the rebound can break through 3240 and sprint towards 3280. If it fails to hold above that level, there may be a small pullback in the short term...
Today’s Trading Suggestion: Focus on short positions at high levels
ETH first support level: 3066; second support level: 2978
First resistance level: 3226; second resistance level: 3280
Note: Personal suggestions are for reference only and do not constitute a basis for trading. Trading carries risks; always use stop-loss orders.