On December 13, #ETH（二饼） $ETH 2025, Ethereum showed a significant downward trend, influenced by the overall weakening of the cryptocurrency market, with a noticeable short-term downturn. The specific situation is as follows:
1. Price performance: On that day, Ethereum dropped over 5%, with the price falling below $3100; priced in Indian Rupees, it was 279600 rupees, with a 24-hour drop of 4.19%. During this period, the price fluctuated between 276700 - 294800 rupees. The previous day, its price was still around $3259.6, highlighting a prominent short-term downward trend.
2. Technical and market aspects: The daily chart had previously ended a five-day bullish streak, and the current MACD indicator is shrinking, while the RSI indicator is retreating towards the overbought zone, with adjustment demand continuing to rise. Additionally, the daily chart has formed a bearish flag consolidation pattern; if this pattern confirms a downward breakout, the price may further test the $2200 - $2220 area.
3. Key price levels and trend forecast: Key support levels to watch below are $3220 and $3150. Currently, after the price fell below $3100, the next key support can be seen around the $2820 - $2830 region of the -0.5σ MVRV deviation band; short-term resistance is at around $3400 and $3450. In the short term, influenced by cautious market sentiment and the insufficient momentum of previous bulls, there is a high probability of continuing a weak trend. If the support level continues to be lost, the downward trend may further expand.
