Two-Day 4-Hour Technical Analysis: Short-Term Trend Analysis

Trend: Slightly Weak Oscillation
-Reason: Price has remained within a narrow range of 2925-2933 over the past 24 hours, without breaking the previous high resistance at 2965. On the 4H timeframe, it shows a downward channel pattern (connecting the highs of 12-26 at 2964 and 12-27 at 2933) medium-term
Trend: Retracing
-From the high of 3390 on 12-11, it has retraced 13.5%. The 50-period price center is around 2985, and the current price is operating below this key level
Support levels: 1.2920 (recent low cluster) 2.2900 (psychological level) 3.2850 (bottom on 12-19)
Resistance levels: 1.2965 (12-26 high) 2.3000 (round number + EMA30) 3.3050 (12-22 high)
Trading Suggestions
Direction: Watchful, currently in a key support zone (2920-2930). Wait for a clear breakout signal: bullish breakout plan
-Trigger condition: 4H closing price above 2965
-Target levels: 3000 → 3050 → 3100
-Stop loss: below 2930 for a short position
-Trigger condition: 4H closing price below 2900
-Target levels: 2850 → 2800 → 2750
-Stop loss: above 2930
Risk Warning
1. Year-end liquidity reduction may cause abnormal volatility
2. Progress in SEC approval of ETH spot ETF may trigger sudden market movements
3. On the 4H level, the TD sequence shows a sell count at the 7th, beware of short-term reversal
>Current price: 2933.05 USDT (-0.01% narrow fluctuation)
>Suggested position size: ≤5% (if trading triggered)
>Risk-reward ratio suggestion: ≥1:3
This analysis is based solely on price action strategy, without indicator confirmation. It is recommended to observe volume for breakout validity, focusing on the breakout direction within the 2900-2965 range. ⚠️ This analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously! #Gate社区圣诞氛围感