December 19th Evening ETH Market Forecast Analysis
Bullish Logic and Profit Targets
1. Support Level: The intraday low of 2772.97 forms a strong support level, which is the stabilization low after a short-term decline, showing significant signs of capital support. If it tests this support in the evening and does not break, it will trigger a strong rebound.
2. Trend Level: The bullish momentum that previously peaked at 2997.05 has not been fully released. The current price stabilizing above 2960 belongs to a confirmation of a pullback after a breakout, with the possibility of another attack on the previous high or even refreshing the high in the evening.
3. If it stabilizes above 2970, the first target is 3000. If it breaks the previous high, then look for 3050. In extreme market conditions, it could reach 3100; if it rises from around 2900, the target is 3050, looking up to 3100.
Bearish Logic and Profit Targets
1. Resistance Level: 2997.05 is a strong short-term resistance level, which has not been effectively broken after multiple highs, and there are signs of stagnation near 2960, with bullish volume decreasing, making it easy to trigger selling pressure.
2. Technical Level: The intraday high and pullback trend indicates heavy selling pressure above. If it cannot break through 2980 in the evening, it will form a double top pattern, triggering a technical deep correction.
3. If it breaks below 2950, the first target is 2850. If it breaks below 2800, then look for 2750. In extreme market conditions, breaking through the support of 2772.97 could see it drop to 2750.
Key Operation Levels
- Bullish Entry: Stabilizing in the 2930–2950 range on a pullback, stop loss at 2900.
- Bearish Entry: Pressured in the 2980–2990 range on a rebound, stop loss at 3000.
