#ETH测试3120美元 $ETH 3120 USD is a key long-short battle price level for ETH in the short term, serving as a support level in some scenarios and previously a historical resistance level. On December 8, ETH broke through this price level and fluctuated; the subsequent trend depends on whether it can stabilize and have sufficient volume:
1. Current price performance: After reaching a low of 2903.75 on December 8, ETH quickly rebounded to a high of 3150, successfully standing above 3120 USD. By the afternoon of the same day, it consolidated in the 3100 - 3150 range, indicating that the short-term pressure at the 3120 price level has been initially broken, with bulls temporarily in control.
2. Technical positioning: Previously, 3120 was viewed as a historical resistance level and also an important short-term support area. For example, from December 4 to 5, the market regarded 3120 - 3150 as a buying zone, and this level also aligns with the short-term support logic of the hourly chart. Currently, the 4-hour candlestick shows that ETH has stabilized above the EMA120 resistance, with the Bollinger Bands trending upwards; however, the RSI is close to the overbought area, and further upward movement after breaking through 3120 may face new resistance in the 3170 - 3220 range.
3. Subsequent trend influences: If it can maintain stability at 3120 with increasing volume, it is highly likely to push towards a short-term target of 3220 USD, and may even challenge the resistance zone of 3477 - 3566 USD in the medium term; but if volume is insufficient, or affected by overall market sentiment fluctuations, 3120 will turn into a key support level. Once lost, it may retrace to 3050 or even the 3000 USD mark. Additionally, factors such as the Federal Reserve's interest rate cut expectations and the subsequent rollout of Ethereum ecosystem upgrades will also provide support or pressure for the stabilization or breakthrough of the 3120 price level.
