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12.16 ETH Market Analysis
On the 1-hour chart, Ethereum quickly stabilized and rebounded after dropping to around 2890. The bulls and bears have been battling for a while, and it is now clear that the bulls have the upper hand. Technical indicators show signs of a golden cross forming on the MACD, the energy histogram is approaching the zero line, and the KDJ indicator continues to trend upward. The bearish pressure has become very weak.
For trading, it is recommended to operate within 2900—2930.
Target outlook: 3020-3150