Early morning ETH and BTC market forecast and analysis for January 2nd

Based on the current K-line trend and short-term market characteristics, ETH is expected to oscillate upward in the early hours, while BTC is likely to continue its strong upward momentum. However, both should be cautious of potential pullbacks at key resistance levels.

1. ETH

1. Trend characteristics: ETH dipped to a low of 2976.00 intraday, then quickly rebounded, reaching a high of 2993.91 before pulling back. It is currently holding above the key support level of 2988.74. Short-term bullish momentum has been somewhat restored, but there is clear resistance in the 2994-2995 range.
2. Early morning forecast: Likely to oscillate upward within the 2985-2995 range. If it can effectively break through the 2995 resistance, it may attempt to test 3000-3050; if not, it will consolidate within 2985-2990. The key support below is 2980; a break below could retest the previous low of 2976.

2. BTC

1. Trend characteristics: BTC dipped to a low of 87758.4 intraday, then began a one-way rally, reaching a high of 88240 before slightly pulling back. It is currently holding above 88188. The short-term bullish trend is very strong, with no obvious top divergence signals.
2. Early morning forecast: The probability of continuing the strong rally is high. The first resistance above is the previous high of 88240. Breaking through this level could push towards the 88800-8900 range. Support is at the 88000 integer level; if it pulls back to this level and finds support, the upward trend may continue. A break below could lead to a correction to the 87600-87900 range.