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12.1 Morning ETH Analysis
3000–3050 empty, target 2850, strong support at 2800, if broken continue to look at the lower edge.
The secondary market is also being pulled down by the overall market trend. After breaking below the 3000 level, it continues to weaken along the short cycle. The moving averages show a typical "synchronized downward pressure" structure, and the rebounds have not managed to reclaim the EMA10, indicating insufficient strength.
The MACD shows a significant increase in volume, with green bars continuously extending. The short cycle is basically accelerating the release of emotions, and overall it is in the inertia pullback stage after breaking down. In the short term, the main focus is on the upper resistance, looking for a weak structure in the pullback.