12.15 Evening ETH Forecast Analysis
From the latest candlestick chart, ETH rebounded after probing a low of 3022.51 during the day, surging to a high of 3173.95 towards the end, currently quoted at 3171.00. The bullish momentum is further strengthening, combined with the increase in market liquidity after the U.S. stock market opens, making it highly likely to continue a strong trend in the evening.
Resistance levels: 3180 (short-term resistance extended from the day's high) 3200 (round number + previous oscillation upper resonance level)
3230 (the phase target of this rebound)
Support levels: 3160 (immediate pullback support after the day's high) 3140 (consolidation platform during the day's rebound)
3120 (key watershed of the bullish trend)
If U.S. tech stocks rise simultaneously, ETH will quickly test the 3180 resistance after stabilizing above 3170, heading directly for the 3200 round number. If the volume continues to support this, it is expected to further challenge 3230;
If the 3180 resistance holds, the price will oscillate widely in the 3160-3180 range, digesting the day's gains before choosing a direction. This oscillation process will be accompanied by rapid surges or pullbacks;
If the U.S. stocks weaken and drag down market sentiment, ETH will lose the 3160 support, and in the short term, will pull back to the 3140-3120 range, but under the day's bullish trend, the pullback space is limited and is likely to be quickly absorbed.
Operational suggestions:
Pull back to the 3160-3150 range to gradually build long positions, with a stop loss set below 3120. The first target is 3180-3200, and the second target is 3220-3230;
If breaking directly through 3180, chase long positions with a light position, stop loss set below 3170, with targets at 3200-3230.
If rebounding to the 3200-3220 range, try shorting with a light position, stop loss set above 3230, first target at 3180-3160, and second target at 3140;
If unexpectedly breaking below 3140, chase short with a light position, stop loss set above 3150, targeting 3120.
Risk warning: Volatility increases after the U.S. stock market opens, position sizes should be strictly controlled to avoid heavy losses, while also paying attention to sudden news impacts in the crypto market.
