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.
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