ETH Morning Analysis for 12.4

ETH price faced resistance and pulled back near the intraday high of 3216. Although it has regained the middle band during this bullish trend, marking a technical breakout on a smaller time frame, the short-term structure remains relatively strong. However, overall momentum is still modest, with no clear signals of a strong unilateral move, and the market continues to consolidate in a range.

From the current chart, although ETH has returned above the middle band, the upward momentum is limited. Multiple tests of the high have failed to result in a significant extension, indicating ongoing market disagreement at key levels. While a slightly bullish short-term outlook can be maintained, the sustainability of the trend remains to be seen, and whether the price can break higher will depend on subsequent trading volume.

It is recommended to focus on going long around 3150 and 3100, targeting 3250 first, and if that level breaks, looking towards 3400. #成长值抽奖赢iPhone17和周边 $ETH