December 13 Night ETH Forecast and Analysis



In terms of candlestick patterns, a sharp rise followed by a pullback forms an "inverted V" pattern. Short-term bears maintain slight dominance, but if the 3100 support level holds steady, there is still a possibility of a rebound and testing the resistance. Over the weekend, with no US stock market guidance, BTC movement remains the core influencing factor, and market liquidity is low. Large capital inflows and outflows can easily trigger significant price fluctuations, so beware of false breakouts.

ETH is most likely to fluctuate within the 3090-3120 range with narrow oscillations. The 3100 level acts as the midpoint in the battle between bulls and bears. Due to profit-taking within the day and market caution, a rapid trend is unlikely. If it stabilizes above 3120 and trading volume increases, it may attempt to reach the 3135 high point. After breaking through, further upward movement toward 3150-3175 is possible, but requires the cooperation of a strengthening BTC.

Trading Suggestions: Light long positions on dips to 3075-3085, targeting around 3120-3130. If stabilized, look further upward toward 3150.
When rebounding to 3120-3130, if a bearish reversal candlestick pattern appears (such as a bearish engulfing or shooting star), consider short positions with a stop loss at 3135, aiming for 3100-3090.

Risk Warning: Weekend liquidity is low, and price volatility may be distorted. Set strict stop losses, with positions not exceeding 30%. Be cautious of sudden price gaps caused by unexpected industry news.
ETH-0.49%
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