I would like to provide a brief update on Ethereum (ETH) in the 12-hour timeframe. Currently, ETH has shown limited progress, with its price fluctuating within the range of $1800 to $1900 over the past few weeks. Market activity appears subdued, resembling a period of relative calm. While ETH made an unsuccessful attempt to break above resistance 1 at $1965, there are ongoing efforts to overcome this level. Notably, the 21-hourly moving average is providing some support, potentially signaling a potential rebound. In the event of further rejection, a favorable buying opportunity may arise around the $1700 range, offering a suitable entry point for leveraging or initiating a buyback strategy.
This concludes my update for now. Stay tuned for the next update, and in the meantime, trade with caution and ensure your safety.