Ethereum price is repeatedly fluctuating above the 3170 support level. The upper resistance is at 3250, which has been tested three times on the 8-hour chart. After breaking through 3250, the target can basically reach around 3550 points. Currently, a bullish candlestick with increased volume is still needed to break through the resistance zone. Even if it pulls back, there is still strong support at the 3100 level below. Stop loss for long positions can be set at 3090, and stop loss for short positions at 3250. The overall outlook is bullish, focusing mainly on buying at lower levels. #DecemberMarketOutlook
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum price is repeatedly fluctuating above the 3170 support level. The upper resistance is at 3250, which has been tested three times on the 8-hour chart. After breaking through 3250, the target can basically reach around 3550 points. Currently, a bullish candlestick with increased volume is still needed to break through the resistance zone. Even if it pulls back, there is still strong support at the 3100 level below. Stop loss for long positions can be set at 3090, and stop loss for short positions at 3250. The overall outlook is bullish, focusing mainly on buying at lower levels. #DecemberMarketOutlook