ETH Market Analysis for the Afternoon of December 8
ETH is consolidating and recovering around the 3050 support level, with a V-shaped rebound leading to intensified long-short battles. Technical recovery and fundamental bullish news are resonating.
Core Support: Stabilized after testing 2907, with the 200-day moving average reinforcing the base. Fusaka upgrade empowerment plus rising rate cut expectations. Whale accumulation provides a strong floor, with solid on-chain buying.
Trend Forecast: Short-term is expected to break through the 3070 resistance, aiming for 3150-3180. Holders should rely on the 3000 support to hold positions; those not yet in may consider buying on pullbacks.
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ETH Market Analysis for the Afternoon of December 8
ETH is consolidating and recovering around the 3050 support level, with a V-shaped rebound leading to intensified long-short battles. Technical recovery and fundamental bullish news are resonating.
Core Support: Stabilized after testing 2907, with the 200-day moving average reinforcing the base. Fusaka upgrade empowerment plus rising rate cut expectations. Whale accumulation provides a strong floor, with solid on-chain buying.
Trend Forecast: Short-term is expected to break through the 3070 resistance, aiming for 3150-3180. Holders should rely on the 3000 support to hold positions; those not yet in may consider buying on pullbacks.
Personal Suggestion
ETH: Go long from 3030-3050, targets at 3070 and 3150, break above to watch 3200
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