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December 10 Market Analysis by Lao Biao
After yesterday’s daytime pullback, during the US stock market opening at night, ETH quickly pulled back to around 3100, then surged rapidly, breaking through the previous strong resistance at 3280, reaching a high near 3400. Currently, with the help of the 3.0 upgrade, ETH is improving liquidity. As mentioned by Lao Biao the day before yesterday, there is no resistance on the hourly chart for ETH; the only resistance is on the daily chart near 3386, which has now been reached, resulting in a pullback. If ETH stabilizes around 3280 during today’s daytime trading, there is still room for higher highs ahead. The overall trend remains bullish. Combined with tomorrow night’s interest rate cut, let’s see if the market can continue to break new highs...
Today's Trading Suggestion: Focus on buying the dips
ETH First Support: 3280, Second Support: 3236
First Resistance: 3396, Second Resistance: 3470
Note: These are personal suggestions for reference only and do not constitute trading advice. Trading carries risks. Always set a stop loss when placing orders.