ETH rebounds above $3300, KDJ golden cross signal appears

【Crypto World】ETH’s recent trend is quite interesting. From 4:00 PM on December 10th to 8:00 PM on the 11th, a span of 20 hours, the price initially retraced to around $3,027, then started to rebound at noon yesterday, now already climbing back above $3,300. The latest 4-hour candlestick closed with a small bullish line, and the trading volume has also increased.

From a technical perspective, several signals are worth noting: Although the MACD is still oscillating below the zero line, the histogram is clearly narrowing, indicating that the bearish momentum is weakening. More importantly, the KDJ indicator just issued a bullish crossover, with the J value only at 3—such an extreme oversold level often signals a short-term rebound opportunity. The 10-day moving average has already crossed above the 30-day moving average, forming a bullish alignment.

In terms of levels, $3,059 is the current nearest support. If broken, a retest of $3,011 might occur; on the upside, $3,413 is a strong resistance, with the previous high at $3,390 acting as a ceiling. For long positions, placing partial entries at $3,075 and $3,035 could be prudent, with stop-losses set below $3,011 for safety. Aggressive shorts might wait until the price reaches the $3,413-$3,414 zone before considering, with stop-losses above $3,407.

However, as mentioned, the simultaneous rise in volume and price does suggest momentum, but whether it can break through the previous high depends on whether the next few candlesticks can hold the $3,300 level.