ETH Technical Observation: Short-Term Rebound Window Appears, Key Interval Breakthrough Determines Direction

December 01 Market Technical Observation

The current overall technical structure shows a weak trend, with prices experiencing a stepwise pullback, having fallen below the main moving averages, resulting in a bearish arrangement of the moving average system. The MACD indicator remains in a bearish cross state, and the downward momentum has not yet been fully released. Although both the RSI and KDJ have entered the oversold range, the rebound signal has not yet been clear, and the short-term market sentiment is primarily cautious.

BTC Key Levels Reference

Downward Support: The primary focus is around 85500, followed by the 84200 range; if the pullback intensifies, attention should be paid to the support below 83500.

Upward Resistance: The initial resistance is around 87200; if broken, observe pressure near 88000; if there is a strong upward movement, the next resistance can be referenced around 89600.

ETH Key Levels Reference

Downward Support: The short-term focus is around 2800, followed by the 2765 range; if bearish momentum increases, the area below 2720 will become a key defense zone.

Upward Resistance: The initial resistance is around 2860, with secondary resistance at 2895; if there is a strong breakout, further attention can be given to pressure near 2940.

Market recovery often requires time and patience, and the construction of long-term trends is rooted in current accumulation. Although the road ahead may face challenges, each step brings us closer to our goals.

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