ETH

December 3rd Zhenghe Professional Analysis #成长值抽奖赢iPhone17和周边 $ETH

1. Price and Market Sentiment: After Ethereum fell below $2,700 on December 2, it rebounded strongly on the 3rd with a single-day increase of over 7%, returning to fluctuate near the $3,000 mark with intense competition between bulls and bears. At the same time, traditional financial institutions are opening up crypto asset products, and the US stock market is also recovering, driving capital back into the crypto market and increasing trading activity. Market optimism has clearly improved compared to before.

2. Core Positive Factors: On one hand, the probability of the Federal Reserve cutting rates by 25 basis points in December has risen to 89.2%. The expectation of easing is pushing funds back into risk assets, providing a macro boost for Ethereum’s rebound. On the other hand, on December 3, Ethereum officially launched the Fusaka upgrade, which can improve Layer-2 transaction throughput, reduce gas costs, and lower node thresholds. Industry institutions are betting it will improve Ethereum’s ecosystem fundamentals. Additionally, whales are buying the dip during price corrections. For example, the well-known large holder “Maji” increased long positions near $2,700, sending a positive signal to the market.

3. Technical and Risk Warnings: On the daily chart, Ethereum rebounded quickly from the lows with a large bullish candlestick, and the short-term moving averages are looking positive. However, trading volume did not continue to expand during the rebound, indicating that the upward momentum is not solid. In the short term, it is likely to fluctuate in the $2,900–$3,100 range, and there are internal disagreements within the Fed on monetary policy, which could lead to a “hawkish rate cut.” Market volatility may remain relatively high going forward.

4. Short-term Trading Reference: Some suggest lightly shorting on a test of $3,065–$3,015 and going long on a test of $2,881–$2,831, while others recommend going long near $2,900 and shorting near $3,100. Investors should set stop-losses and avoid blindly chasing highs.