Is the Christmas market turning into a 'Mirror of Truth'? The key level game for Ethereum under low volume, Ethereum's multi-period analysis on the 22nd!
Currently, Ethereum is in a pullback phase after high-level fluctuations on the daily chart. The core area is the 3010-2980 zone below, which is not only a psychological barrier but also the upper edge of a daily structural support that has been pulled back multiple times recently. If the market still has upward momentum, supported by seasonal buying, the pullback must hold steady within this range. If it holds, it can maintain the rebound structure and test the previous resistance area of 3050-3098. If this position is broken with volume, then the daily structure will be considered weak!
Looking at the 4-hour level, if the price falls to the 3003-2977 area, pay attention to the slope of the decline. Ideally, it should be a slow decline or a pause, rather than a rapid drop with volume, looking for stabilization combinations near the support area. Watch for a 'decline exhaustion' signal on the 4-hour chart, such as: RSI bullish divergence, MACD green bar diminishing, or a clear lower shadow candlestick appearing. If a rebound occurs, the primary observation is whether it can consistently hold above the 4-hour Bollinger middle band. If it does, the short-term trend can turn bullish; if it doesn't, it will remain in a weak oscillation.
Daily operation suggestions:
Short-term buy near 3010-2980, target 3060-3100
Short-term sell near 3140-3170, target 3080-3050$BTC
