20251223 Ether #ETH market analysis:
Yesterday's market saw a surge followed by a pullback. From a 4-hour perspective, the current market lacks upward momentum, making it suitable for short positions.
Upper resistance levels: 3030 3080 nearby
Lower support levels: 2960 2880 nearby
Using a smaller timeframe of 15 minutes, a small position can be shorted near 3030, with a take-profit target around 2940 and a stop-loss just above 3080, giving a risk-reward ratio of about 2:1.
Currently, the key support level is around 2970. If it breaks, we could see levels around 2880. If the upper resistance level breaks above 3080, we could see levels around 3150.
$ETH
Yesterday's market saw a surge followed by a pullback. From a 4-hour perspective, the current market lacks upward momentum, making it suitable for short positions.
Upper resistance levels: 3030 3080 nearby
Lower support levels: 2960 2880 nearby
Using a smaller timeframe of 15 minutes, a small position can be shorted near 3030, with a take-profit target around 2940 and a stop-loss just above 3080, giving a risk-reward ratio of about 2:1.
Currently, the key support level is around 2970. If it breaks, we could see levels around 2880. If the upper resistance level breaks above 3080, we could see levels around 3150.
$ETH
