#以太坊行情解读 Ethereum's recent trend, let's break it down.

**What is the current situation?**

The long bullish candlestick on December 19 was indeed frightening — it shot up directly from 2808 to 3020, with trading volume exploding to 53,000 coins (. But what happened after that? There has been no follow-through at all. Now it is firmly held below 3000, and the short-term high of 3013 can't be maintained. The 4-hour chart is oscillating repeatedly in the range of 2970 to 3015, with 2944 becoming the lifeline for the day.

The MACD is still lying in the negative zone, and the fast and slow lines are stuck below the zero axis, indicating that the mid-term bearish pattern has not yet reversed. The RSI14 is weakly crawling around 45, and the 1-hour chart has tried several times to break through the 50 mark, but all have turned back. All moving average systems )EMA7/30/120( are piled above the current price, forming a pressure zone )3073/3437 range (, which cannot be suppressed.

**How to talk about trading volume**

After the massive 130,000 transaction, the subsequent trading volume was halved to the level of 100,000, with funds clearly not following up. When it rebounded to the high point of 3013, the trading volume shrank even more—this is a typical case of volume-price discrepancy, where the price can rise but lacks support. The only point of interest is the position at 2944, where the defensive trading volume expanded to 23,314, and the bulls are still struggling here.

**How to find opportunities**

Looking down, 2940 is a good entry point ) there is support at the previous daily low of 2944, and the EMA120 at the hourly level also provides secondary support at 2965 (. If this level cannot be broken, 2900 has psychological support at the integer level, along with the swing low of 2775 from December 18, and the trend line extended is also around here. Set the stop loss for going long at 2880, which is a 1% drop below the ascending trend line from 2775 to 2944.

Looking up, 3000 is the first resistance point ) integer psychological barrier + 4-hour short-term top (. If it can break through, 3030 is the second level ) daily EMA7 pressure level with a 3% buffer below 3073 (. Set the stop loss for short positions at 3050, because after surging, it must also hold above the December 17 high of 3030.92 to truly confirm the trend reversal.