2025-12-16 06:53:25

DuoDuo 12.16 ETH Morning Market Analysis (Personal Opinion, Welcome to Discuss)

Upper Resistance Levels: 2940-2950 strong resistance zone. If it breaks down below 2910 and does not fall below 2900, consider re-entering long positions for an upward move.
Lower Support Levels: 2870 as strong support. If broken, it could be a shorting opportunity.
Hourly Oscillation Range:
Bullish Range: 2910-2930
Bearish Range: 2940-2910
First Support: 2890-2880
Second Support: 2870-2860
First Resistance: 2940
Second Resistance: 2950-2960
Short Entry Suggestion: 2940-2950
Stop Loss: 16 points
Take Profit: 2930-2910

Long Entry Suggestion: Place buy orders at 2910-2915 with a 20-point stop loss
Take Profit: 2940-2950
Currently, on the daily chart, the overall trend remains bearish. After a rally without retesting 3000 points, consider short positions from higher levels for a downward move.

ETH3.72%

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