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ETH Analysis Recent price fluctuations In the short term, the market as a whole shows a trend of oscillation and upward movement, but a sharp decline has recently occurred, indicating that the market may be in a period of adjustment. The pullback and head formation that occurred after reaching the recent high point on December 16 indicate a strong resistance. The current important support level is around 1753. If the price can hold steady in this range, there may be another rebound. However, if it falls below this range, further decline may occur.
Recommendation: Based on the current market trend and technical analysis, investors should maintain a cautious wait-and-see attitude. It is advisable to focus on the support levels at 2083.20 and 1752.70, to buy on dips within this range or wait for clearer market signals. During the Rebound uptrend, be cautious of the pressure at the 2083 resistance level. If this resistance level is broken, you can enter with a small position for testing purposes.