$ETH 2025-12-23, multiple failures to break through yesterday, currently in the 2950-3050 narrow fluctuation range accumulating fuel, but from the current market perspective, it has been sideways at this position for too long. If you simply want to do leveraged liquidation, the spike at 3077 yesterday has basically finished, and the intention to break out sideways at this position is obvious. Currently, it has pulled back to the short-term retracement pressure level. Next, observe the two positions 3035-3055. If the second breakthrough fails, a short-term pullback may occur. The fuel range is mainly concentrated between 2920-3120. Today, there may be a situation of southward leverage clearing during the day session. If the two positions 2950-2920 receive support, it is highly likely that it will head north to break 3100 in the evening. After breaking 3100, if it successfully retests the support at 3050 or consolidates above 3120, then we can look towards 3165-3200-3350. It is important to note that once 3300 stabilizes, the upper track of the current retracement downward channel will be broken. If it then retests and closes above 3050, the first wave of the main upward trend may accelerate away from this dense trading area. Be sure to remember that recently, whether long or short, do not hold positions, especially short positions, as the upward momentum is gradually increasing, and holding positions can easily lead to losses.
Summary: Today mainly focus on trading within the two box ranges, which is relatively simpler.
Box ranges: small box 2950-3050, large box 2900-3100
Long position strategy: Lightly buy on a pullback in the 2900-2950 range, strictly stop loss if it breaks below 2900. The fuel is mainly above 2920, and if it continues to dip further, breaking below 2900 indicates an imbalance between long and short. Below 2900 is a vacuum gap that will directly drop down, and the next support level is around 2830, and it may not hold, so do not hold positions.
Short position strategy: Each time there is a failure to break 3050-3100, you can lightly short when it pulls back. Don’t be too ambitious; take what you can get. Today, short positions may be relatively difficult to operate because the upward intention is quite obvious, and it will continuously spike upwards and then pull back. If you already have short positions above 3050, you can set up stop losses in batches to protect profits, avoiding a profit reversal from another northward spike.
{future}(ETHUSDT)
Summary: Today mainly focus on trading within the two box ranges, which is relatively simpler.
Box ranges: small box 2950-3050, large box 2900-3100
Long position strategy: Lightly buy on a pullback in the 2900-2950 range, strictly stop loss if it breaks below 2900. The fuel is mainly above 2920, and if it continues to dip further, breaking below 2900 indicates an imbalance between long and short. Below 2900 is a vacuum gap that will directly drop down, and the next support level is around 2830, and it may not hold, so do not hold positions.
Short position strategy: Each time there is a failure to break 3050-3100, you can lightly short when it pulls back. Don’t be too ambitious; take what you can get. Today, short positions may be relatively difficult to operate because the upward intention is quite obvious, and it will continuously spike upwards and then pull back. If you already have short positions above 3050, you can set up stop losses in batches to protect profits, avoiding a profit reversal from another northward spike.
{future}(ETHUSDT)
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ETH
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