Current market sentiment is cautious, trading is light, and volatility is narrowing. The market continues the recent oscillation pattern, with insufficient momentum for a bull attack, and prices have failed to break through key resistance levels. Coinciding with Christmas Eve, U.S. stocks will close early, and market liquidity may further shrink; volatility is likely to remain low, and narrow fluctuations are expected to continue.

The area around 86500 has formed a strong support line, tested multiple times without breaking; the upper level of 88800 constitutes short-term pressure. If it cannot effectively break through, the upward space is limited. It is recommended to maintain a high sell and low buy strategy within the range, flexibly grasping the oscillation rhythm. $ETH