Looking at ETH's latest trend, the December 17th rally still has some points of interest.

On the weekly chart, the downtrend has become implicit. But the 3-day moving average has given an interesting signal—the bullish crossover below the price has appeared, and the hidden bullish divergence on the 2-day chart has also been confirmed. On the daily chart, be cautious, as a death cross below the price has appeared; watch out for how deep the rebound might hit.

In the more recent timeframes, the 3-hour bottom pattern has been confirmed, and a golden cross has formed on the 2-hour chart. The depth of the rebound on the 1-hour chart still needs close monitoring.

Regarding positions, the resistance levels to watch above are 2970, 3024, 3058, and 3113. The support levels below are 2930, 2885, 2832, and 2797.

Market sentiment shows the ETH long-short ratio at 2.57, and the fear index has reached 16. The real trading long-short ratio is 48:52, and the overall network sentiment is 38:62, leaning bearish.

The trading logic remains the same: don't act without understanding the pattern, and don't open positions if your stop-loss isn't in place.

(For reference only, not investment advice)