During the Christmas holiday, the overall trading activity in the cryptocurrency market was subdued, and volatility narrowed. According to the latest data, Ethereum (ETH) trading price hovered around $2940, with a slight decline intraday. The price remains under pressure from the key psychological and technical resistance at $3000, which has become a focal point of repeated battles between bulls and bears.



The current market lacks clear short-term catalysts, and price movements are mainly influenced by technical factors and typical liquidity reduction during the holiday period. Analysts point out that if the price continues to fail to regain the $3000 level, it may face a risk of falling back to the support zone around $2800. Traders are closely watching the price performance in these last trading days of the year to gauge the market's true strength.
ETH-0.99%
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