Analysis: The market is focused on whether Ethereum can break through the key short-term resistance level of $3,300

PANews January 11 news, according to News.bitcoin, Ethereum is currently maintained in the range of $3,273, and the market is paying attention to the short-term key resistance level of $3,300, which may be a key level that determines the next trend of Ethereum. The following is a brief analysis :

• Intraday range: $3,192 to $3,322 as of January 11;
• After falling sharply from $4,111, it is currently consolidating between $3,200-3,300;
• A break above $3,400 may signal bullish potential, while a break below $3,100 confirms a bearish trend.
• Short-term resistance is at $3,300, and a surge in trading volume indicates strong selling pressure;
• Oscillators are neutral, but MACD hints at bearish momentum;
• The moving averages currently favor sellers, with key supports near $3,265 and $3,109.