#数字资产市场洞察 ETH Technical Analysis Quick Scan (December 18th Noon)

From the morning trend, Ethereum still shows some strength. It did not continue to drop after falling to the key level of 2810, but instead quickly rebounded and recovered most of the decline, indicating that the buying support below is quite resolute. However, the area around 2846.81 is also not to be underestimated; every time it approaches this level, there are quite a few people taking profits, so in the short term, there is a higher probability of oscillating within the 2830-2845 range.

If the trading volume can keep up, attempting to break through 2850 is not impossible; but if the trading volume is weak, then expect the price to fluctuate up and down within this range.

Trading ideas for reference:
• If the price retraces to the 2810-2825 zone and stabilizes, consider a light long position, aiming for 2840-2845. If it breaks upward, the target is 2875. Place stop-loss below 2800.
• If it encounters resistance around 2845-2850 during the rebound, short-term bears can try short positions with targets at 2835-2830.
• When in doubt: if it breaks through the previous high of 2846 with significantly increased volume, don’t rush to follow; wait for a retracement confirmation. Conversely, if it quickly drops below 2830, it’s time to retreat and avoid getting caught in the drop.

$ETH