After the price touched the 3446阶段 high point and quickly retreated, the 3400 zone formed a strong resistance. The subsequent rebound failed to break through that high point again, indicating that the bullish momentum is exhausted. Moving averages are flat at low levels and have not provided effective support for the price, making it difficult to assist the bulls in counterattacking.
Trading suggestions
Around 3250-3300, consider shorting, with a target of 3150, 3080$ETH
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12.12 Auntie's Evening
After the price touched the 3446阶段 high point and quickly retreated, the 3400 zone formed a strong resistance. The subsequent rebound failed to break through that high point again, indicating that the bullish momentum is exhausted. Moving averages are flat at low levels and have not provided effective support for the price, making it difficult to assist the bulls in counterattacking.
Trading suggestions
Around 3250-3300, consider shorting, with a target of 3150, 3080$ETH