12.12 Friday Midday Market Analysis

Last night, the姨太 (Yitai) price tested the key support level at 3150 and quickly stabilized. This morning, it further rebounded to the 3180 range and stabilized, showing a pattern of lows gradually rising and warming up with oscillations. The effectiveness of the core support area has been doubly validated.
3150, as the lower boundary of the recent oscillation range, combined with support from the previous dense trading area, was tested last night without effectively breaking below, highlighting strong low-level support; after stabilizing above 3180 this morning, the hourly chart shows a recovery pattern, with short-term moving averages beginning to turn upward. The MACD indicator's green bars continue to narrow and approach the zero line, indicating diminishing downward momentum and initial accumulation of upward energy.
The RSI indicator rebounded from low levels to the neutral zone without reaching overbought thresholds, maintaining upward flexibility. The overall oscillation structure remains intact and positive.
The core strategy remains oscillating with a bias toward strength. Focus on the breakthrough strength of the 3250-3280 range above, which should be confirmed with moderate volume expansion to validate effectiveness. Below, 3150 has become a strong support line, and 3180 serves as a short-term defense level. If the price does not fall below this range during a pullback, the upward oscillation trend will continue.
ETH trading suggestion: Short at 3250-3300, stop loss at 3350, take profit at 3180