12/10 ETH market analysis

ETH performed significantly stronger than BTC, continuing to rise in early trading and currently firmly above 3300. According to some platform data, its 24-hour net inflow of funds is significant, showing strong independent buying.

The market sentiment has changed, and the breakthrough market has driven the market sentiment from cautious to positive. However, the real test will be whether the rally can withstand the impact of the Fed's decision a few hours later. Currently, the market generally expects a 25 basis point rate cut, but pays more attention to future policy path guidance.

ETH's breakthrough is more resolute, providing support in both financial and emotional aspects, but its linkage with Bitcoin cannot be ignored. Strong support levels of 3200-3250, 3300 have become new positions. Strong support below is at the 3200 round figure mark, as well as the short-term SMA cluster area at 3150-3180. If you hold here, the upward structure will remain intact.

After breaking above 3300, the key resistance ahead is in the 3400 - 3500 area. This is the high point area of multiple rebounds in the early stage, and there are a large number of traps, and it is difficult to break through at one time.

Technical structure and capital: At the daily level, ETH has gotten rid of the recent shock range, and momentum indicators such as MACD have shown an upward trend of golden crosses. On-chain data shows that there has been a large net inflow of funds recently, fueling the price increase. However, whether its exchange rate strength relative to Bitcoin can be sustained is the key to determining whether it can get out of the independent market! $ETH #反弹币种推荐