12.10 ETH Morning Market Analysis

- Divergence between institutions and sentiment: Institutions continue to accumulate (BlackRock and Bitmine together bought over $270 million at the bottom), whale addresses increased holdings by 218,000 ETH in a single week, but short-term ETF inflows have slowed, with fierce long-short battles;
- Key level resonance: 3290 precisely touched the upper boundary of the previous 3250-3300 target range and is below the strong resistance zone of 3350-3400, creating a double contention point of "target level + pre-resistance" from a technical perspective;
- Macro expectations constrain: Before the Fed rate cut on December 12, market liquidity is tightening, and the probability of choppy trading during the day is extremely high. Avoid blindly chasing highs or selling lows.

Short-term volatility is slightly bullish; focus on range trading until a clear breakout: The current price is holding above the key 3177 support (1-hour bullish lifeline), but has not broken through the 3300 psychological barrier, forming a narrow range of "strong support + weak resistance." As of before 13:00, there is unlikely to be a large one-sided move.

- Bullish strategy: Only go long with a small position if price holds above 3300 on the 1-hour chart (three consecutive candles closing above), target 3338-3350, stop loss at 3270 (20 points below current price);
- Bearish strategy: If 3300 is rejected and price falls below 3260 support, take a light short position, target 3239-3200, stop loss at 3320 (20 points above resistance) #美联储降息预测 #比特币活跃度走高 #广场发帖领$50 #十二月行情展望 #比特币行情观察 $BTC ‌$ETH ‌