#Strategy加码BTC配置 As of 2:00 PM on December 31st, Ethereum is still trading within that familiar consolidation range—hovering between $2900 and $3000. At this year-end, the market is somewhat sluggish, trading volume has significantly shrunk, and it feels like funds are on the sidelines.

**Spot Market Overview**

From the data, ETH's current price is about $2970, with only a 1.1% increase over the past 24 hours, and trading volume has noticeably decreased. On the daily chart, there is considerable resistance—the 20, 50, 100, and 200-day moving averages are all overhead, along with a downward trendline firmly pressing down. The Bollinger Bands are contracting downward, which is not very optimistic.

The 4-hour chart shows the most interesting rhythm: the MACD bearish histogram is shrinking, but there's no sign of a golden cross yet; the KDJ hovers around 46, neither偏 nor偏; all moving averages are tangled together, indicating a complete balance of bullish and bearish forces. Simply put, there is no clear direction. Coupled with tight liquidity at year-end, caution is especially advised in trading.

**Key Support and Resistance Levels**

On the upside, 2960–3000 is the immediate resistance zone, with a stronger resistance line at 3008–3053 (around yesterday's high). If volume increases and ETH stabilizes above 3000, the next target could be heading straight for 3100+.

The more critical support is below—2894–2900, which was the low early this morning and serves as recent short-term support; further down is the strong support zone at 2850–2880. If ETH breaks below 2900 with volume, it could accelerate downward toward 2750–2800.

**Possible Market Directions**

Optimistically, if the 4-hour close holds above 2960 and volume breaks above 3000, the bullish trend continues, heading toward 3050–3100.

Pessimistically, if ETH drops below 2890 with increased volume, be prepared to watch 2850–2880, or even deeper at 2750.

The most likely middle ground—under this shrinking volume environment—is a back-and-forth range between 2900 and 3000, grinding until the close.

**Trading Strategy**

In the short term, you might consider lightly going long in the 2900–2920 zone with a stop-loss at 2880; if reversing, short in the 2980–3000 zone with a stop-loss at 3020. The key is quick in and out, with individual positions not exceeding 20%, especially given the high slippage risk at year-end.

Swing traders should wait—don't rush to enter. Wait for volume to break above 3000 or for a confirmed breakdown below 2900 with volume support, which will improve the success rate.

**Final Risk Management Tips**

Liquidity is objectively low at this year-end, increasing slippage risk and the chance of overnight positions getting slapped. Avoid heavy overnight holdings—be cautious of liquidation risks.