December 23 Ethereum current market analysis

• Price: $2998, slight increase of **+0.2%** in 24 hours, fluctuating steadily, not breaking away from the recent $2900-$3100 range.

• Opinion: Short-term fluctuations tend to be bullish, cautiously chasing highs, waiting for a breakthrough at $3100 or a confirmation of a pullback at $2900 before making further moves.

I. Key Price Levels

• Resistance: $3100-$3150 (strong daily resistance, if broken, look for $3200+); $3200-$3250 (secondary target).

• Support: $2930-$2900 (strong daily support, if lost, look for a drop to $2880); $2880 (mid-term rebound starting point).

II. Technical Analysis

• 4H/1H shows bullish tendencies, but the 15M cycle is adjusting, lacking clear reversal signals, and may consolidate in the short term.

• RSI is neutral to strong (not exceeding 70), with moderate volume, no obvious overheating or panic, and the tug-of-war between bulls and bears continues.

III. Funds and Sentiment

• Institutional capital differentiation: some institutions are increasing their holdings, ETF has some capital outflow in the short term, and the layout is still in the speculative stage.

• Market sentiment is neutral, mainly consolidating with fluctuations, waiting for Bitcoin to lead or for its own breakthrough at key levels to activate momentum.

IV. Operational Suggestions

• Holding: Maintain light positions, reduce positions gradually near $3100, and add positions if it stabilizes on a pullback to $2900-$2930.

• Empty positions: Mainly observe, do not chase highs; if it breaks $3100 with volume, a small position can be taken to go long, but if it falls below $2900, abandon long positions.

• Risk Control: Single position ≤5%, set stop-loss below support by $30-$50 (e.g., $2870), to avoid heavy speculative trading in fluctuating markets.