【$ETH Trend Analysis】

K-line Pattern：

On December 19, a long bullish candle appeared, with an increase of 150 points accompanied by high trading volume, indicating strong short-term bullish momentum. However, the high point of 2992 on the 20th did not break through the previous high of 3017, forming a potential double top structure.

Recent low points of 2773 (December 18) and 2807 (December 19) form a support trend line, and the current price is oscillating in the range of 2968-2992.

Technical Indicators：

The MACD daily line is still below the zero axis, but the DIF (-59) has started to cross above the DEA (-50), with a contraction in the green histogram, indicating weakening bearish momentum.

RSI14 has risen from 37 to 46, moving out of the oversold zone but not yet entering the overbought zone, indicating room for continued upward movement.

EMA7 (2967) has crossed above EMA30 (3079), but the price is still under pressure from EMA30, with the 120-day moving average at 3443 constituting long-term resistance.

Trading Volume：

On December 19, the trading volume surged to 260 million, far exceeding the 29 million on the 20th, and the divergence between volume and price needs to be monitored.

The hourly chart is consolidating in the range of 2980-2990 with reduced volume, and a breakout needs confirmation with increased volume.

【Range Levels】

Buy Point One: 2950 (Support area formed by the previous lows of 2807 and 2773, combined with dynamic support from EMA7 (2967))

Buy Point Two: 2925 (Integer level combined with the Fibonacci 38.2% retracement level extending from the December 18 swing low of 2773)

Long Stop Loss Point: 2900 (50 points of space protection below if it falls below 2925, and below the key support of the previous low of 2807)

Sell Point One: 3000 (Integer psychological level + local double top pressure formed by multiple tests of 2992 on the hourly chart)

Sell Point Two: 3025 (50-point buffer zone below the daily EMA30 (3079), close to the selling pressure zone before the previous high of 3029 on December 17)

Short Stop Loss Point: 3050 (25 points of tolerance above if it breaks above 3025, strictly guarding against the potential failure of the combined resistance from EMA30 and the previous high of 3029)

Today and tomorrow, the range will mainly consolidate, and caution is needed for tomorrow night.