12.14 ETH Afternoon Market Analysis
I. Logical Support
1. Macroeconomic: After the Federal Reserve's interest rate cut, expectations for easing have cooled, and there is a lack of liquidity in risk assets, with ETH lacking incremental funds.
2. Technical: Narrow compression between 3050-3180, with resistance encountered at 3150-3180 on rebounds, and support at 3050 during declines, with low volatility.
3. Market: Significant divergence between bulls and bears, with selling pressure concentrated above and support from chips below, leading to light trading.
II. Trend Qualitative
Bearish oscillation, core range 3050-3180, weak rebound, shifting focus downward, with no reversal signals.
III. Practical Targets
1. Short (Preferred)
- Entry: Resistance at 3150-3180 / Break below 3080 and retest 3090-3100
- Target: 3080→3050
2. Long (Cautious)
- Entry: Stop decline at 3050-3060 (Bullish engulfing + increased volume)
- Target: 3100-3120→3150-3160
