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Market Analysis December 5
Last night, the price of Ethereum attempted to break through 3240 again but failed, then dropped sharply to near 3060 before starting to rebound. At present, almost all positive sentiment has been released, so the market's rise is likely to slow down gradually. Price movements will most likely fluctuate upwards following the rhythm of interest rate cuts. Today, pay attention to whether the rebound can break through 3240 and continue to 3280. If it is unable to break through, the market may experience a minor correction in the short term.
Today's Operation Suggestion: Prioritize short positions (sell at high prices)
ETH Support: First support at 3066, second support at 2978
Resistance: First resistance at 3226, second resistance at 3280
Note: Personal suggestion for reference only, not to be used as a basis for trading. Trading carries risks, always use stop loss.