12.15 ETH Midday Brief Analysis

Trend Overview: The price dipped to 3022 in the early session, then quickly rebounded to 3150 and faced resistance, currently oscillating between 3110-3130, showing a “bottoming out and rising + sharp pullback” pattern, with fierce battle between bulls and bears.

Key Levels:

Resistance Zone: 3140-3150 as short-term resistance; only a successful break can target 3180-3200. 3150 is the dividing line between strength and weakness for the day.

Support Zone: 3110 as the current lower bound of the range; if broken, the next support is 3080-3090. 3022 is the strong intra-day support and the bottom line for bulls.

Trading Strategy:

Long on dips: If the price stabilizes within 3110-3120, consider entering with a small position, with a stop loss below 3100, targeting 3130-3150; if it pulls back to 3080-3090, try low buying with a stop below 3070.

Short on rebounds: If the rebound hits resistance at 3140-3150, consider a light short position, with a stop above 3155, targeting 3110-3080.

Breakout Follow-up: If volume pushes below 3100, follow the trend and go short, targeting 3070-3080; if a strong breakout occurs above 3150, then pull back and go long, targeting 3180-3200.

Risk Reminder: Be cautious about chasing gains or cutting losses before the range is broken. All operations should have proper stop losses, and position sizes should be strictly controlled.