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December 25 Early Morning BTC Price Trend Forecast and Analysis
Based on ETH's intraday "Deep V rebound" volatility characteristics, combined with short-term capital momentum and key price level battles, the early morning bullish and bearish trends will revolve around the 2940 level for core contention. The specific analysis is as follows:
Bullish Scenario
1. Signal to Initiate: If the price stabilizes above 2940 with volume continuously increasing, and mainstream coins in the market move upward simultaneously, the bulls will initiate a second attack.
2. Target Levels: The first resistance is at 2950 (intraday rebound pressure level). Breaking through this could push towards the intraday high of 2957.94; if volume continues to follow, there is potential to test the short-term extension zone of 2960-2965.
3. Support Base: The 2935-2940 zone will serve as the core support band for the bulls. A pullback to this range without breaking below will prevent the upward trend from being interrupted.
Bearish Scenario
1. Weakening Signal: If rebound volume rapidly diminishes in the early morning, and the price loses the 2940 level and falls below 2935 (recent rebound platform), the bears will take control of the trend.
2. Downside Targets: The first support is at 2920-2925 (low during the rebound). Falling below this will test the 2900 integer support level; if selling pressure intensifies, a likely retest of the intraday low at 2886.75.
3. Resistance Suppression: The 2935-2940 zone will become a key resistance band for the bears. Failure to break through this area during a rebound will accelerate the downward pace further.
Stay in sync with the captain's rhythm, catch the oscillation waves early, and the captain will help you precisely grasp short-term opportunities for steady gains!

#ETHTrendWatch
Ethereum is currently trading around $2 989, within a broad range of $2 700-3,400 over the past month, with neutral momentum and a slight recovery after a recent dip.
1. Trend: over the last 30 days ETH has increased by approximately 5.86%, remaining within the range of $2 800-3 300.
2. Levels: strong support area $2 700-2 850, key resistance $3 080-3 200 and daily pivot around $3 015.
3. Momentum: RSI around 47-50 (neutral), MACD slightly above the signal line, volumes are stable, without extreme FOMO.
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### 1. Short-term trend and range
According to recent data, ETH is worth about $2 989, while:

In the last ~30 days, the price has moved approximately from $2 800 to highs around $3 200-3,250. Currently, ETH is closer to the middle of this range, with no clearly defined strong bullish or bearish trend, meaning that sideways movement with moderate volatility prevails.

**What this means:** The monthly charts show not a trending spike, but a consolidation after fluctuations in the range of approximately $2 800-3 300.
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### 2. Key support and resistance levels
Technical picture on the daily timeframe:
1. **Moving Averages**
1. SMA7 around $2 941, EMA7 around $2 983 – the price is fluctuating around the short-term balance.
2. SMA30 around $3 028, EMA30 around $3 071 – the medium-term balance is slightly above the current price.
3. SMA200 around $3 577, EMA200 around $3 434 – the long-term trend is still weaker than at the peaks of the year.
2. **Pivot and Fibonacci** ( based on the swing high $3 446.62 and swing low $2 720.44):
1. The pivot point for today is around $3 014.87 – ETH is currently slightly below/near it, meaning the market is balancing around the central level.
2. Resistance cluster:
1. 50% Fibonacci around $3 083.53.
2. 38.2% Fibo around $3 169.22.
3. Considering SMA30, the zone $3 080-3 200 looks like a key "cap" for sellers.
3. Strong support:
1. 61.8% Fibonacci around $2 997.84.
2. 78.6% Fibo around $2 875.84.
3. Plus the recent lows around $2 800.
**What it means:** as long as ETH does not break above the range $3 080-3,200, the rise will remain within the bounds of a typical bounce within the sideways range. Losing the zone $2 850-2,900 will make a retest of the area $2 700-2,800 more likely.
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### 3. Momentum and liquidity
According to momentum indicators:
1. **RSI**
1. RSI7 around 50.46.
2. RSI14 around 47.19.
3. RSI21 around 45.65.
Values are close to the middle of the scale, there is neither overbought ( above 70), nor oversold ( below 30).
2. **MACD**
1. The MACD line is around -50.85.
2. Signal line around -51.68.
3. The histogram is slightly positive (around 0.83).
This indicates that the price is still under the influence of the past bearish phase, but the selling momentum has weakened and there is an attempt at stabilization or reversal.
3. **Volumes**
The trading volume over the past 24 hours is around $19.12 B, which means liquidity is high and typical for ETH, without extreme spikes that usually accompany panic sell-offs or sharp pumps.
**What it means:** indicators confirm a "cautious neutral" – there is currently no strong selling pressure or aggressive demand, the market is waiting for a new driver above levels $3 100-3 200 or below $2 800.
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## Conclusion
Current ETH charts show consolidation after fluctuations in a broad range of approximately $2 700-3,400: the price is around short-term and medium-term averages, but still below annual levels.
As long as ETH holds above strong support around $2 800 and cannot sustainably break through the zone of $3 080-3 200, the basic scenario remains range-bound. A significant change in the picture will require either a breakout upwards with increasing volumes or a drop below supports with an intensifying bearish momentum.
Confidence: High, as the analysis is based on current prices, indicators, and the 30-day dynamics of ETH.