#美股圣诞行情开启 ETH Analysis

Yesterday's review: the market oscillated and declined to 2888, then rebounded and retraced. It did not break above the four-hour MA60 and then oscillated again. Following the trader's entry points from yesterday, it was another frustrating day. Due to the US stock market being closed for ➕ Christmas, there was little volatility.
The four-hour Bollinger Bands are slightly opening downward, with the middle band trending down. The price broke below the lower band but rebounded upward without breaking the MA60, although it stabilized above the MA5. Except for the MA5 turning upward, all other moving averages are downward. The medium and short-term moving averages are arranged sequentially downward. The MACD fast and slow lines are crossing above the zero line, indicating decreasing bearish momentum. The RSI fast and slow lines are crossing upward, moving from the oversold area into the normal zone.
The one-hour chart shows the price stabilizing above the middle Bollinger Band. The Bollinger Bands are narrowing with the three lines horizontal; if it does not break above the MA240, a downward correction and consolidation are expected. The MA10 crosses above the MA30. The short-term moving averages are forming a converging crossover. The MACD fast and slow lines are crossing above the zero line, indicating shrinking bullish momentum. The RSI fast and slow lines are forming a death cross, moving from the overbought area into the normal zone.
Conclusion: The market is oscillating with a slight upward bias, with a downward correction and consolidation if it does not break above the four-hour middle band.
Resistance: 3046, 3142, 3256
Support: 2894, 2831
Strategy: Do not break above the four-hour middle band; go short with a light position, add at 3013, reduce after the correction, and add again at 3044.