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12/17 ETH Early Morning Trading Analysis
ETH moves in sync with BTC. On the 4-hour chart, three consecutive bullish candles attempt to test the middle band of the Bollinger Bands but show a retracement trend after facing resistance. However, the price remains close below the middle band, and the long lower shadows of the bullish candles indicate solid support. The short-term retracement is a consolidation phase for the bulls, with a slight bullish bias.
Trading suggestion: Position within the 2900-2930 range for a potential rebound
Target around 3000#美联储降息预测 #ETH走势分析