ETH Core Interval Analysis (12-23)

Near the upper edge of the fluctuation at 3400 USD (
Nature: Core resistance level, often acting as a "rejection level" rather than a breakout level.
Market logic: Insufficient trading volume during the rise, lacking real buying pressure; recently, funds from the US Ethereum spot ETF have continued to flow out, creating selling pressure.

Near the lower edge of the oscillation at )2630 US dollars (
Nature: Key support level, crucial.
Market logic: A break below may open up space to decline towards $2100-$2400. Recently, whale addresses have been continuously selling, and it is crucial to observe whether this level can be maintained.

)💡Specific operational suggestions
1. Range trading: When approaching the resistance level of $3400, it is not advisable to chase the price higher; consider reducing positions. When approaching the support level of $2630 and a stabilization signal appears, consider taking a light position to go long.
2. Breakthrough Follow-up:
If it breaks through 3400 dollars with volume, the trend may strengthen, with the next resistance level at 3600-3800 dollars.
If it effectively breaks below $2630, be wary of the risk of a deep correction, with the key area below at $2400-$2500.
3. Risk Warning:
The current market is dominated by Bitcoin, and attention should also be paid to the BTC trend.
Institutional fund (ETF) inflows are weak, overall market demand is not strong, operations should remain cautious, and stop-loss must be set.

In summary, before a decisive breakthrough occurs in the market, adopting a fluctuation strategy of selling high and buying low within the range of $2630 to $3400 is a more prudent choice. ####BTC行情分析