#美联储启动新一轮降息周期 12.10 Ethereum technicals

Ethereum rose sharply last night, in line with the logic of Bitcoin - a volume-driven repair market. Compared with BTC's strength, ETH's rise is indeed more solid.

Hourly line observation, Ethereum is currently in a wide oscillation channel. The key support level is at 3225, as long as this line is held, there is still room to touch the previous high, and even the probability of reaching a new high is not small. In turn, once it falls below 3225, it will have to be prepared for the risk of stepping back on the lower edge of the channel. This position is the dividing line between the current long and short.

In practice, the layout in the range of 3240-3285 will be relatively stable, and the upper target is the 3380-3450 area.

$BTC $ETH $BNB

At present, the Fed has resumed the pace of interest rate cuts, which supports the overall risk assets.