Ethereum Instant Market Update on December 21 (20:30, UTC+8)
• Current Price: Approximately 2975 USD, 24h fluctuation about **-0.2%**, extremely sideways, closely linked with Bitcoin, weekend liquidity is relatively tight.
• Core Viewpoint: Waiting for a breakout, looking at resistance between 3000-3017 and support between 2950-2920 in the evening; if broken, it will determine the short-term direction.
Key Price Levels (USD)
• Support: 2950 (lower bound of intraday fluctuation), 2920 (strong short-term support), 2880 (emotional resonance with moving averages).
• Resistance: 3000 (psychological level), 3017 (technical resistance), 3050 (Bollinger band middle track, breaking it indicates strength).
Technical Analysis and On-Chain
• Daily: RSI is neutral to bullish, MACD histogram has turned positive, forming a “Morning Star” pattern, bulls are accumulating.
• 4h: Triangle convergence nearing the end, MACD golden cross but insufficient volume, need to stabilize above 3000 to confirm strength.
• On-Chain: Whale addresses continue to accumulate, new addresses are increasing, long-term sentiment is slightly positive.
Instant Trading Strategy (short-term, not investment advice)
1. Buy lightly on pullback between 2920-2950 with a stop loss at 2890, target 2990-3017, if broken, look at 3050.
2. Short lightly on rebound between 3000-3017 with a stop loss at 3040, target 2960-2950, if broken down, look at 2920.
3. Break above 3050 and stabilize, chase long on pullback to 3020, stop loss at 2990, target above 3100.
Risk Warning
• Weekend liquidity is low, beware of spikes; linked with Bitcoin, BTC breaking will accelerate ETH.
• The above is technical analysis, not investment advice; be sure to control your position and strictly set stop losses.
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