#BTC资金流动性 [Ethereum Short-term Technical Overview] As of the morning of December 21, the price of $ETH is around 2,968. Currently, it is in a pattern of repeatedly testing the lows. The 3,000 psychological level is crucial for the upcoming direction—whether it can effectively break through depends on the volume support. A low-volume sideways trend is most likely to see whipsaw actions, and in the short term, it is mostly range-bound fluctuations.

**Key Price Reference (in USD)**

Resistance above: 2,990-3,000 (psychological level + EMA15 moving average) → 3,050 (Bollinger Bands middle line) → 3,100

Support levels below: 2,930 (intraday low) → 2,870 (previous low) → 2,800 (strong support level) → 2,750 (61.8% Fibonacci retracement)

**Multiple Time Frame Signal Comparison**

On the daily chart, the EMA15 and EMA30 have formed a bearish arrangement, the MACD has crossed into a death cross with the green bars also narrowing, and the RSI is hovering around 42, indicating a neutral to bearish sentiment. As long as it doesn't stabilize above 3,000, the bearish preference on the daily level remains. Once it recovers 3,050, the momentum for a rebound will truly return.

The 4-hour chart shows an extremely low-volume sideways trend, with the moving averages stuck together and not moving at all. The KDJ has become dull at a low level, and although the MACD green bars are shortening, there is still no golden cross signal. The bullish and bearish forces are about equal, and the biggest fear is a sudden false breakout that wipes out stop losses.

The 2-hour period has given a glimmer of hope - the EMA30 support held at 2,935, and the MACD has also formed a golden cross, but the histogram is still below the zero line, indicating that the rebound lacks momentum. Without volume support, this rebound is unlikely to go far.

**Actionable Trading Ideas**

**Long Position Plan**: Wait for a pullback to the range of 2,850-2,870 to enter in batches, set a stop loss at 2,820, initially looking for a recovery to 2,920-2,950; if it breaks, then chase 2,980-3,000.

**Short Selling Plan**: Enter with a light position when it rebounds to 2,990-3,000, set a stop loss at 3,030, target towards 2,930-2,900, if it breaks out, then look to chase at 2,870.

**For safety**: At this stage, the focus is on observation. Follow the trend only after breaking through the 3,000 level with volume or dropping below the 2,930 level with volume. The position size should not exceed 30%, and the execution of stop-loss should be strictly adhered to.

**Core Insights**

The short term is just a volatile situation waiting for a winner to be decided, with 3,000 being the dividing line of strength and weakness. A volume-less consolidation is often a prelude to a whipsaw, so the core operational thought is: patiently wait for signals to appear, strictly control position size, and never be careless with stop-loss settings.