#加密生态动态追踪 December 12 evening Ethereum trend observation
From the hourly chart, ETH has been consolidating within a bearish flag pattern, and today has repeatedly oscillated within this range. Unless it can break through the resistance of this descending flag, it will be difficult to continue upward. In the past two days, the hourly candles have shown consecutive doji stars, indicating that both bulls and bears are still vying, and no clear offensive intention has emerged yet.
My judgment is that the probability of an upward breakout is higher. As long as it does not break below the lower boundary of the bearish flag, Ethereum will not face a deep correction risk.
Evening trading strategy: Look for opportunities to enter in the 3210-3230 range, with a focus on the resistance zone at 3260-3310.
Continue to monitor the correlation with $BTC $ETH $XRP.
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#加密生态动态追踪 December 12 evening Ethereum trend observation
From the hourly chart, ETH has been consolidating within a bearish flag pattern, and today has repeatedly oscillated within this range. Unless it can break through the resistance of this descending flag, it will be difficult to continue upward. In the past two days, the hourly candles have shown consecutive doji stars, indicating that both bulls and bears are still vying, and no clear offensive intention has emerged yet.
My judgment is that the probability of an upward breakout is higher. As long as it does not break below the lower boundary of the bearish flag, Ethereum will not face a deep correction risk.
Evening trading strategy: Look for opportunities to enter in the 3210-3230 range, with a focus on the resistance zone at 3260-3310.
Continue to monitor the correlation with $BTC $ETH $XRP.