As of 2025-12-29 12:00 (UTC+8), ETH is trading around $2935, with narrow intra-day fluctuations and relatively low trading volume. The overall pattern shows a short-term bullish trend with some consolidation, awaiting a clear direction.

Key Indicator Overview

• Daily Chart: Price below the 20/50/100/200-day moving averages, with moving averages in a bearish alignment; MACD shows a death cross, indicating weak momentum; RSI around 44 (neutral to slightly bearish); Bollinger Bands are narrowing, volatility decreasing.

• 4-Hour Chart: Short-term oversold rebound, MACD shows a bullish crossover at low levels, with increasing bullish momentum; middle Bollinger Band at 2960 and upper band at 2980 act as resistance, lower band at 2920 provides support.

• Volume: Approximately 1.35 billion USDT in 24 hours, insufficient volume to support a trend-breaking move.

Key Price Levels (in USD)

• Resistance: 2980-3000 (4h upper band + 20-day MA) → 3040-3070 (recent dense trading zone) → 3150-3160 (50-day MA).

• Support: 2920-2930 (4h lower band) → 2890-2900 (psychological level + previous consolidation lower boundary) → 2850 (strong support, previous low).

Trading Strategies

• Short-term (Intraday): Focus on range trading. If rebound hits resistance at 2980-3000, consider light short positions with a stop-loss at 3020, target 2940-2920; if price pulls back and stabilizes at 2890-2900, consider light long positions with a stop-loss at 2870, target 2950-2980.

• Swing Trading: Wait for volume breakout above 3000; if volume increases and price stabilizes above 3020, look for longs targeting 3070-3150; if it breaks below 2870, be cautious of a move down to 2800, consider waiting or light short positions.

• Risk Management: As year-end liquidity is low, prone to "spikes," keep single-position exposure below 10%, enforce strict stop-losses, and avoid holding heavy overnight positions.

Market Highlights

• Capital Flow: Crypto ETFs continue to outflow, spot ETH funds are weak, limiting rebound potential.

• Sentiment: Year-end fund repatriation and gold/silver outflows make the market cautious, awaiting new catalysts.