12.13 ETH Market Analysis

Currently, ETH is showing a contraction and fluctuating consolidation pattern, with prices maintaining a narrow range. Both bulls and bears are on the sidelines, and there is no clear directional guidance.

On the news front, under the backdrop of the Federal Reserve's tightening policy, market liquidity is relatively tight, and ETH lacks the independent momentum for a significant upward movement. Today is likely to continue the oscillation pattern. In an optimistic scenario, prices need to break out with volume and stabilize above the 3100 USD mark, with the potential to advance towards the 3120 - 3150 range, relying on significant positive news or increased capital to sustain the push.

Operational Advice: At this stage, it is mainly advisable to observe. Until the market direction is clear, it is recommended to remain cautious and avoid blind operations.

Key Technical Levels

• Core Resistance Level: 3094 - 3100

• First Support Level: 3083

• Lifeline Support Level: 3041