#美联储回购协议计划 **December 24th Ethereum Price Analysis: Christmas Week Calm Waters Run Deep**

Yesterday's short positions indeed operated as expected, but looking at the candlestick patterns, Ethereum's performance this week remains somewhat weak. As the Christmas holiday approaches, trading volume typically contracts, and the likelihood of big moves is limited. Those looking to short-term trade can try with light positions; if you prefer to stay on the sidelines, that's also fine. After Christmas, the market may reveal a clearer direction.

**What does the technical analysis say?**

On the four-hour chart, ETH has been oscillating downward recently, with continuous red candles since December 22nd, and the highs are gradually decreasing. On the daily chart, there is a noticeable upper shadow (especially on the 23rd), indicating significant selling pressure above.

Regarding MACD, both DIF and DEA are below the zero line, indicating accumulating bearish momentum. However, the histogram shows signs of shortening, possibly hinting at a short-term rebound. The RSI is currently at 42.72, in the weak zone but not yet oversold, with bearish sentiment prevailing. The three moving averages (EMA7, EMA30, EMA120) are all in a bearish alignment, with the 7-day EMA crossing below the 30-day EMA, indicating clear resistance. The price is trading below all moving averages, maintaining a predominantly bearish structure.

Volume is also noteworthy: it shrank significantly on the 24th, but the large volume drop on the 23rd shows strong bearish conviction, with funds flowing out.

**Trading Strategy**

Ethereum can consider short positions around the 2930-2940 level, targeting 2900-2870-2850.

Strategies are stage-based; specific operations should follow real-time guidance. $BTC $ETH