12.23ETH Evening Trend Forecast Analysis



1. Core Signals on the Market and Anchor Points for Bullish and Bearish Ranges

1. Core Support Zone
- First support zone: 2945-2950 (intraday low + round number), which is the core defense position for bulls in the short term. This zone gathers the cost of intraday bottom-fishing funds; if maintained, the downside space will be limited, and it is also the main reference zone for going long in the evening.
- Second support range: 2930-2935. If the first support is broken, this range will become the secondary target for the bears to dive, representing a support level in an extremely weak market.
2. Core Pressure Range
- First resistance zone: 2970-2980, during the day there have been multiple rebounds encountering resistance here, it is the main suppression zone for bears in the evening and also the core reference area for shorting.
- Second resistance range: 3000-3010 (integer level + technical resistance). If the first resistance is broken, this range will become a further target for bulls to push up to 3030-3050, and the breakout needs to be accompanied by sustained volume.
3. Volume and Momentum Assessment
After a rise and subsequent fall within the day, the follow-up rebound shows a shrinking volume trend. The bulls lack sufficient momentum for a counterattack, and the market's willingness to chase higher prices is sluggish. The bears exert significant pressure above 2970, making it difficult to form an effective breakthrough in the short term.

2. Specific Forecast for Evening Trends

1. Fluctuation in the range of 2945-2980
ETH will fluctuate repeatedly within the core long-short range of 2945-2980 in the evening. When it attempts to rise to 2970-2980, it may encounter resistance and fall back due to the lack of incremental funds. A technical buying interest will support it when it drops to 2945-2950. Overall, there is no one-sided trend, with a focus on oscillation.
2. 
- Upward breakthrough: If it breaks through 2980 with volume, it will test the second resistance zone of 3000-3010. However, it is likely to be a pulsing rebound, followed by a drop due to short selling pressure.
- Downward Break: If it breaks below 2930, it will test the second support range of 2925-2900.

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