#以太坊行情解读 [Ethereum short-term technical analysis]

The fluctuations of $ETH have been quite interesting these past few days. It rebounded directly from 2807.2 on December 19 to 3076.64 on December 22. This increase looks good, but the subsequent trend has been a bit puzzling.

**How to read K-line?**

The price is currently stuck at 2940.44, having failed to surpass the previous high of 3034.41 for two consecutive days. This indicates that there is still significant selling pressure above. This feeling of repeatedly failing to break through typically suggests that the strength of the bulls is limited.

**What about the indicator signals?**

The MACD here is quite interesting - the DIF and DEA are still floating below the zero axis, and although the histogram has turned from negative to positive, the strength is clearly a bit weak. The RSI is currently at 43.97, neither weak nor strong, just swaying in the middle. Looking at the EMA, the short-term 7-day line is at 2972.30, and the price has already fallen below it, getting further away from the 30-day line (3061.27). In the long term, the 120-day line is at 3420.89 and continues to trend downward, so the overall trend pressure still exists.

**What does trading volume reveal?**

From December 19th to 23rd, the trading volume continued to shrink. The peak of 260591098 dropped to 101930007, nearly halving. This indicates that market sentiment has shifted from previous enthusiasm to a wait-and-see approach. After a surge in volume, a contraction adjustment occurred, which is a typical performance of funds waiting for signals.

**Actual Operating Range:**

If you want to go long: 2900 is the first entry zone (close to the previous low of 2929.08, and there is support at the round number); if it continues to pull back, 2850 is the second opportunity (near the lowest point of December 19 at around 2807.2). Set the stop loss at 2825; if it falls below this, it confirms that support has been broken.

The logic of shorting is reversed: 3030 is the first target (close to the high point of 3076.64 on December 22 and the EMA30 resistance level of 3061.27); if it continues to rebound, 3080 is the second target (the psychological resistance at this round number is quite obvious). The stop loss is at 3100, and if it stabilizes here, we must acknowledge that the trend may have strengthened.

$BTC $SOL the short position here continues to be held. If you have other opinions or want to discuss the operational details, feel free to chat below.