#以太坊行情解读 Weekend market is quiet, and this rebound is a good opportunity to enter.

As of 2025-12-20 17:48 (UTC+8), Ethereum is around $2985. The recent movement can be summarized as a bottoming out and rebound — the 4-hour chart indeed shows signs of a rebound, with short-term volatility leaning bullish, but the medium-term is still in an adjustment cycle, so don’t be too optimistic.

**Key Price Level Analysis**

24-hour fluctuations range between 2773-2983, with a rebound of over 200 points within the day. Support levels are clear: 2850-2870 is a critical zone that, if broken, could cause trouble; further down, 2770-2750 is a strong support bottom line. On the upside, the 3000 mark and the previous oscillation zone (2964-3000) are the first resistance levels. If broken, 3050 (Bollinger middle band) faces resistance, and for a true upward move, 3170 is the medium-term resistance.

**Current Technical Indicators**

The daily candlestick is supported by the lower Bollinger Band, and RSI is approaching oversold territory, which itself indicates a rebound demand. MACD is shrinking in volume, suggesting a bottoming process. The 4-hour chart is more evident — having just broken through 2870, RSI is rebounding from lows, MACD remains negative but is flattening, and bearish momentum is clearly weakening.

**But be clear about one thing**

The medium-term trend is still within a downtrend channel; don’t assume a reversal just because of a short-term rebound. To confirm a reversal, ETH needs to stabilize above 3000 and break through 3050.

**Macro Background**

After the Bank of Japan’s rate hike, market extreme fear has eased, and this "bad news is exhausted" mentality has driven ETH’s rebound. The Federal Reserve’s rate cut expectations and the performance of US tech stocks remain key variables. Although short-term buying has pushed the market up, whether the volume can continue to expand is the real question.

**How to operate**

Aggressive traders can try long positions around 2870-2890 when the price stabilizes, with a stop-loss below 2850, targeting 2960-3000. Conservative traders should wait until the price stabilizes above 3000 with increased volume before entering, or wait and observe the strong support zone at 2770-2750 for further positioning. If the price falls below 2850, be prepared for the risk of a further dip to 2770-2750, and remember to cut losses in time.