As of December 17, 2025, 19:00, the price of Ethereum is approximately $2950, showing a rise and then a slight decline within a narrow range during the day. In the evening, it is highly likely to continue the range trading, with key focus on the breakout direction of the resistance at 2980/3000 and support at 2910/2876.

1. Core Price and Range

• Current Price: Approximately $2950, with a slight increase of about 0.7% in the last 24 hours, fluctuation range 2910-2980.

• Rhythm: The Bollinger Bands on the hourly chart are narrowing, and there may be a breakout in the evening, clearly linked to Bitcoin's movement.

2. Key Support and Resistance (USD)

• Support: 2910 (low point of the day) → 2900 (psychological round number) → 2876 (recent double bottom) → 2800 (strong support zone).

• Resistance: 2980 (high point of the day/resistance) → 3000 (round number) → 3050-3070 (congested trading area).

3. Technical Analysis and Evening Forecast

• Daily: MA5/MA10 death cross, price below the moving averages, overall bearish; however, the double bottom at 2876/2884 yesterday indicates a slowing short-term pullback.

• Hourly/15 Minutes: Consolidating with limited rebound momentum, it is highly likely to fluctuate between 2910-2980 in the evening. After breaking through, it will move in the direction of the trend; if it does not break, it will continue to oscillate.

• Forecast Conclusion:

◦ Upwards: If it stabilizes above 2980, it can test 3000; breaking 3000 may push towards 3050, but insufficient volume may lead to a pullback.

◦ Downwards: Losing 2910 will test 2876; if it breaks down, it will further probe 2800, and the downward momentum depends on Bitcoin's strength or weakness.

4. Operations and Risk Warning

• Strategy: Light position trading within the range, buying low near 2910-2930, stop loss at 2870; shorting high near 2970-2980, stop loss at 3000, follow the trend after a breakout.