Christmas is approaching, where is Ethereum heading!

Ethereum market analysis: Yesterday, the market rebounded with a mid-line resistance on the daily chart, forming a Doji candlestick. The technical MACD shows bullish momentum, and other technical indicators are also trending upwards. This month has reached the end, and it is also the last few days of 2025. If the market can rebound and stand above the mid-line resistance around 3050, there is a chance to start 2026 on a good note. If the overall rebound is weak, then the monthly level may continue to adjust and fluctuate. The daily level may have a chance to test the mid-line resistance around 3050-70. On the downside, pay attention to the support around 2940-70.

On the 4-hour chart, the market rebounded and fluctuated around 3000, with MACD showing reduced bullish momentum, and other technical indicators also trending downwards. Early in the morning, the market found support near the lower bound and rebounded, showing a trend to test the upper bound resistance around 3040-60. The early morning's pullback formed a large bearish candlestick. If the rebound cannot engulf half of the large bearish candlestick and stabilize, it may form a Evening Star pattern. Everyone should be cautious about chasing long positions at this level. Today's operation is also recommended to first look for a rebound; if the upper resistance is not broken, one can enter short positions for defense. #ETH走势分析