#大户持仓动态 12.19 ETH Afternoon Market Overview

This round of market movement is quite interesting. In the morning, ETH surged to 2772.08 but then stalled, only to turn around and push higher. During the afternoon, when it broke through the key level of 2950, it was clear that bullish participation was increasing, and the short-term direction was very clear.

How to view key levels

Looking upward, the 2980-3000 range is the main resistance zone recently. Among them, 2997.18 is the dividing line for today’s rally, and 3000 as an integer psychological level is very significant. Once broken through, the upward space will open; but if it gets stuck here, it’s very likely to enter a consolidation phase.

Looking downward, 2920 is the support point repeatedly confirmed during the afternoon rebound. Holding above this level indicates the bullish trend continues. Below that, 2900 is the breakout level from the morning rebound; losing it could significantly weaken the rebound momentum.

What’s next

Scenario 1: If the price continues to stay above 2950 in the afternoon with volume increasing, bulls will attempt to test the 2980-3000 barrier. Once 3000 is broken, a push toward 3020-3050 or even higher could happen.

Scenario 2: If it encounters resistance around 2980 and pulls back, a small-range consolidation between 2920-2980 may form, waiting for the battle between bulls and bears to resume.

Scenario 3: If support at 2920 is broken, caution is needed. The price may retest the 2900-2880 zone, and the rebound trend might face a phase shift.

Trading ideas

Bullish: Enter with a small position around 2920, with a stop-loss below 2900, and watch the 2980 level. If it breaks 3000, consider adding positions, targeting 3020-3050.

Bearish: Be cautious and only try small positions if there is clear resistance around 2980-3000, with a stop-loss above 3000. Target levels are 2950-2920. If 2920 breaks, the price may directly retest 2900-2880.

$BTC $ETH $SOL