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📣11/10 Ethereum Precise Trend Analysis and Trading Recommendations:
ETH recovered resistance at 3250, reaching the 3400 FVG target level. For increasing long positions, the resistance/support reversal point at 3250 may be favorable for bulls after reversal. If we break below around $3250, short positions will be triggered, returning to the initial pulse/support level around $3150.
From the four-hour Ethereum price trend analysis, recent candlestick prices show a oscillating upward trend. The candlesticks on December 09 and 10 show consecutive bullish closes, with higher highs. After a long lower shadow on December 08, a rebound occurred, indicating strong buying support at lower levels. MACD: In the 4-hour cycle, both DIF and DEA are above zero, but the histogram gradually shortens, indicating weakening momentum; the daily MACD remains bullish with increasing volume, still in an uptrend. The 4-hour RSI is at 68, approaching overbought territory, so caution for a pullback is advised; the daily RSI stays around 70, indicating a strong market. EMA: Current prices are above EMA7, EMA30, and EMA120, with EMA7>EMA30>EMA120, clearly indicating an uptrend. EMA7 (3280) acts as a short-term support. The 4-hour volume has shrunk, with a volume of 155,853 at 16:00 on December 10, compared to previous candles, showing market sentiment becoming cautious. Along with price breaking through key resistance levels, capital inflow is evident.
Ethereum Trading Recommendations for 12/10:(First short, then long)
(First short)Recommend entering short positions near 3320, targeting 3280-3250-3230.
(Later long)Recommend entering long positions near 3240-3250, targeting 3280-3330-3380.
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