Ethereum Market Trend Analysis and Trading Strategy (December 3rd):

Ethereum broke through to a new high of 3140 in the evening, but failed to hold above 3100. Judging from the current pullback trend, this pullback is merely a consolidation within an uptrend, and the bullish trend is still ongoing. Analyzing the four-hour Ethereum price trend, the recent price rebounded rapidly from a low of around 2797 to 3084, forming a large bullish candlestick, indicating strong bullish momentum. Currently, the price is consolidating at a high level, approaching the previous high of around 3145, which may face some selling pressure. The DIF and DEA are gradually rising, and the MACD histogram has turned positive and continues to expand, indicating a short-term bullish trend, but the risk of divergence at high levels needs to be monitored. The RSI value is 65.71, in a relatively strong area, but not yet in overbought territory, suggesting further upside potential. The current price has broken through the EMA7 (3022) and EMA30 (2956), and is significantly higher than the EMA120 (3049), with moving averages showing a bullish alignment and strong support. Meanwhile, the trading volume surged significantly during the price spike on December 2nd, but decreased during the subsequent pullback, indicating insufficient downward momentum. Current trading volume has recovered somewhat, but hasn't reached the levels seen during the surge, suggesting intensified competition between bulls and bears. Ethereum trading suggestion for December 3rd: Consider entering long positions around 3050-3060, with target prices of 3100-3140-3170. Market conditions are constantly changing; this article is for informational purposes only, and free real-time strategy guidance is available!