As of December 2, 2025, around 1:00 PM, the Ethereum market is showing a weak oscillation trend, with the specific situation as follows:

1. Price performance: Previously, Ethereum followed the cryptocurrency market and experienced a significant decline, reaching a low of 2718 USD, with a drop of over 10%; although it later saw a technical rebound with the market, overall it remained weak, dipping below 2800 USD in the early session, with a daily drop of 6.36%, and subsequently contending around the psychological level of 2850 USD.
2. Key Levels: The short-term support level to watch is the daily low of $2718, with further support in the $2600 - $2650 range; on the resistance side, $2850 is the current key resistance, with stronger resistance around $2920, and $3000 is an important round number resistance.
3. Market Environment: The recent price volatility is driven by factors such as the Federal Reserve's interest rate hike expectations and tighter regulations, leading to significant market panic. In the past 24 hours, over 270,000 people in the cryptocurrency market have been liquidated, with Ethereum's performance weaker than Bitcoin's. The rebound has insufficient trading volume, and buyer confidence needs to be boosted. #GIGGLE和PIPPIN强势上涨