Analysis: The market is focused on whether Ethereum can break through the short-term key resistance level of $3300
According to News.bitcoin, Ethereum is currently maintaining at the $3,273 range. The market is focusing on the short-term key resistance level of $3,300, which could be a crucial level determining Ethereum's next move. Here is a brief analysis:
Intraday range: As of January 11th, it was between $3,192 and $3,322;
After falling sharply from $4,111 dollars, it is now consolidating between $3,200-$3,300;
Breaking through $3,400 may indicate bullish potential while dropping below $3100 would confirm a bearish trend;
Short-term resistance lies at 3300 dollars; increased trading volume indicates strong selling pressure;
The oscillation index shows neutrality but MACD suggests a bearish momentum;
Currently moving averages favor sellers with key support levels near 3265 dollars and 3109 dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fold Holdings increases its holdings by 32 bitcoins, bringing the total to 1,526 bitcoins
Ontology community passes proposal to adjust ONG token economic model
Circle launches new AI chatbot and MCP server to accelerate product integration
GoPlus: Web3 security incidents in October caused losses exceeding $45.84 million