December 08: ETH continues to strengthen; will it see 2500 today?

ETH/day chart: Yesterday’s Ethereum intraday lowest price was 2222, the highest price was 2387, the closing price was 2357, and the daily line was strong again

It broke through the previous high of 2315 and continued to hit a new high for the year. The daily K regained the previous set of highs in the form of a big positive line and was bearish.

It was engulfed and combined into a two-yang and one-yin pattern; the highest price during the day hit 2397.44, almost close to the integer of 2400

mark; judging from the daily performance, bulls are still relatively strong and shorts need to avoid it; but the daily market cannot chase higher.

You still need to wait for the actual performance after the adjustment; if 2400 cannot be blocked for the time being, make reasonable adjustments successfully.

A bull target will test the stronger resistance of 2500 upwards; intraday operation opportunities can be tracked and observed using the 1-hour chart

ETH/1 hour: The 1-hour level second retracement 2220 prompted yesterday evening does not break the support and is valid.

And close a Zhongyang line at 9 o'clock, it is expected that the small double bottom will be established; you can enter the market with a long single target to see around 2300; defend

Place it below 2220; the long positions are in line with our expectations; Fibonacci can be used to grasp today’s market conditions

From 2220 to 2397, observe whether the price can show an appropriate retracement during the day and pay attention to 38.2%-50%. If so,

If there is a bullish signal after the retracement, bulls can try to enter the market; the defense is placed below 61.8%; the target first looks at the intraday high

Click; keep the long thinking but don’t chase the high market; partners with short thinking still need to avoid and wait for the time being!

Recommended ideas [Bull direction]

Support 2300-2315/Resistance 2400-2500