Ethereum on the 4-hour chart shows a sideways to bullish trend, with a bottoming formation by the bulls. The current price is around $3,156. In the short term, it is attempting to push higher supported by the $3,100 level. The key resistance is at $3,160-$3,170, and a breakout could extend towards $3,200. Conversely, a trend reversal below $3,100 may extend down to $3,000.
Based on the 4-hour Ethereum price trend analysis, the 4-hour candlestick chart indicates the price is oscillating within the $3,100-$3,170 range, with strong upper and lower shadows, indicating fierce battle between bulls and bears. The daily chart shows a slight pullback followed by stabilization, but with obvious resistance above, with selling pressure near the previous high of $3,145. The MACD on the 4-hour cycle shows DIF and DEA gradually converging, with the green bars shortening, indicating weakening momentum and possibly approaching the zero line; the daily MACD remains in the low region, and the trend has not fully reversed. The 4-hour RSI is close to the 50 level, indicating neutral market sentiment; the daily RSI has rebounded from oversold territory to between 43-54, with no extreme signals yet. The current price is close to EMA7 (3120) and EMA30 (3119), with short-term moving averages converging, making the trend unclear; EMA120 (3083) provides support below.
Key Price Levels (Support/Resistance):
Support levels: short-term at 3100 (integer level), 3060 (previous consolidation platform), mid-term at 3000 (strong support)
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📣January 12 Ethereum Trend Detailed Analysis and Steady Operation Layout Sharing:
Ethereum on the 4-hour chart shows a sideways to bullish trend, with a bottoming formation by the bulls. The current price is around $3,156. In the short term, it is attempting to push higher supported by the $3,100 level. The key resistance is at $3,160-$3,170, and a breakout could extend towards $3,200. Conversely, a trend reversal below $3,100 may extend down to $3,000.
Based on the 4-hour Ethereum price trend analysis, the 4-hour candlestick chart indicates the price is oscillating within the $3,100-$3,170 range, with strong upper and lower shadows, indicating fierce battle between bulls and bears. The daily chart shows a slight pullback followed by stabilization, but with obvious resistance above, with selling pressure near the previous high of $3,145. The MACD on the 4-hour cycle shows DIF and DEA gradually converging, with the green bars shortening, indicating weakening momentum and possibly approaching the zero line; the daily MACD remains in the low region, and the trend has not fully reversed. The 4-hour RSI is close to the 50 level, indicating neutral market sentiment; the daily RSI has rebounded from oversold territory to between 43-54, with no extreme signals yet. The current price is close to EMA7 (3120) and EMA30 (3119), with short-term moving averages converging, making the trend unclear; EMA120 (3083) provides support below.
Key Price Levels (Support/Resistance):
Support levels: short-term at 3100 (integer level), 3060 (previous consolidation platform), mid-term at 3000 (strong support)
Resistance levels: 3160-3170 (EMA60 + previous high), 3200 (psychological level), 3268 (Bollinger Band upper band)
January 12 Ethereum Steady Operation Strategy Sharing:
It is recommended to enter short positions around 3120-3130, with target points at 3080-3050-3020.
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