December 17th Ethereum Evening Market (18:50, UTC+8)

• Current Price: Approximately 2955 USD, a slight increase of 0.98% in 24 hours, with an intraday range of 2910-2980, closely linked to Bitcoin.

• Core Judgment: Short-term fluctuations are biased towards a rebound, but the daily trend remains weak; looking tonight at whether the resistance of 2977-3000 can be broken, while supporting at 2930-2900 below.

1. Technical Analysis (Short/Medium Term)

• Daily: Support at the lower Bollinger Band, strong pressure at the middle band of 3070; MA5/MA10 death cross, RSI near oversold, MACD bearish momentum weakening; yesterday's 2876-2884 double bottom shows support.

• 4-Hour: RSI contraction will lead to a golden cross, MACD bearish momentum diminishing, rebound momentum brewing; support at 2930 (after breaking intraday, it will retest), resistance at 2977 (intraday high).

• Hourly: MACD has shown bullish momentum, short-term bias is strong, focusing on the breakthrough and stability of the psychological level of 3000.

• Key Levels: Support 2930→2900→2870-2880; Resistance 2977→3000→3070.

2. Fundamentals and Sentiment

• Correlation: Bitcoin fluctuates between 87000-88000, and its movement directly affects the rebound height of ETH; if BTC breaks down, ETH is likely to be dragged down.

• Capital Situation: After the dip yesterday, there was bottom-fishing capital entering the market, with buying support strengthening around 2900; however, there is heavy selling pressure above 3000, and multiple rebounds have failed, which may undermine bullish confidence.

• Risk Points: The rebound may be a short-term correction, beware of “fake bullish signals”; if it breaks below 2900, it may confirm a head and shoulders pattern, looking down at 2870→2820.