12.11 Evening ETH Forecast and Analysis

1. Trend and Structure: ETH has exhibited a "sharp rise and fall - bottom exploration and rebound - further decline" volatile pattern intraday. After forming a daily low at 3166, it rebounded, then fell back to around 3190. Overall, it is in a broad range fluctuation pattern, with the bears maintaining a short-term advantage during the pullback.

2. Key Support/Resistance
- Core Support: 3190 is the immediate support; strong support below is at 3166 (intraday low). Further decline targets the 3150 level.
- Key Resistance: Short-term resistance focuses on 3200 (the recent oscillation midpoint). A breakout would target the 3205-3210 range, with strong resistance at 3214.00 (intraday rebound high).

If the support at 3190 is effectively broken with increased volume, the price will quickly fall to 3175. After breaking this, it may directly look towards the 3170-3165 range. In extreme cases, it could test the previous low at 3160.

If the bulls manage to hold above 3200, it will trigger short-term capital inflows, with the first rebound target at 3205-3210. Breaking through 3214 could push the price further up to the 3220 range. After a rebound, caution is needed for a potential bearish reversal.

3. Risk Reminder
Cryptocurrency markets are highly volatile. Aggressive trading should strictly control position sizes (no more than 10% of total funds per position). Also, closely monitor US tech stocks and crypto market news. If a counter-breakout occurs, stop-loss and exit immediately.