Follow the recent trend of ETH. In the order book on December 23rd at the weekly level, the 3-day line has already formed a golden cross pattern below water, while the 2-day and 1-day lines are moving towards the bottom, making the effective levels worth a closer look. However, attention should be paid to the risk side—the strength and depth of the pullbacks at the 6, 8, and 12-hour levels should not be underestimated.

In the shorter cycle, a death cross has appeared at the 3-hour level, and a hidden downward trend has formed at the 2-hour level, indicating a weak short-term rhythm. However, a golden cross has emerged at the 30-minute level, and the 15-minute chart is also showing a bottoming pattern, suggesting there may be room for fluctuations here.

It is particularly important to pay attention to the time window from the 22nd to the 28th, as historical experience shows that there are often significant fluctuations during this period. Resistance is distributed at the levels of 3024, 3058, 3094, and 3132, while support is at 2978, 2958, 2912, and 2885.

The current long-short ratio is 1.98, the fear index is 29, and the sentiment is relatively stable. The old rules are still the same: don't act without a pattern, and don't open a position without a stop loss.

(The above content is for reference only and does not constitute any investment advice)