December 26 ETH Technical Analysis (10:45, China Time)

• Price Snapshot: approximately $2,910 USD, narrow fluctuations, low trading volume; volatility risk increases due to the expiration of about $28.5 billion BTC/ETH options on Deribit.

• Key Levels: Resistance at 2,960-2,970, 3,000; Support at 2,900, 2,850-2,880; below 2,800 (daily Bollinger Bands lower band).

• Chart Patterns and Indicators: Daily consecutive declines, EMA20/50 resistance; 4-hour descending triangle (bearish), RSI≈42 neutral to weak, MACD bearish shrinking, OBV declining, bullish momentum insufficient.

Actionable Strategies

• Short-term short positions (buy on rebound): Entry at 2,915-2,925, take profit at 2,880, stop loss at 2,940, position size ≤2%, risk-reward ratio≈1.4; do not chase short if it directly breaks below 2,900 to avoid short-term rebounds.

• Breakout Strategy: Stand firm above 2,970 with increased volume, lightly chase longs, target 3,000, stop loss at 2,950; if it breaks below 2,880, rebound short, target 2,800, stop loss at 2,900.

• Wait-and-see Strategy: Expect volatility or anomalies before options expiration; only act after clear breakout of the 2,880-2,970 range to avoid liquidity traps.

Risk Reminder

• Options expiration may trigger sharp volatility; strictly control positions and set stops.

• Christmas holiday liquidity is poor, prone to "flash crashes/rapid pulls," avoid heavy positions and overnight naked holdings.