On December 7, 2025, ETH is showing a narrow-range consolidation under a bearish reversal signal, with the long-term benefits of network upgrades yet to translate into short-term upward momentum. The core technical analysis is as follows:

1. Price and Key Levels: The current price is around $3050, in a consolidation state. Short-term support is focused on the $3040 - $3050 range, with $3000 as a key psychological and technical threshold, and strong support also near $2983. On the upside, short-term resistance is at $3070, with further resistance concentrated in the $3150 - $3200 range, and strong resistance near $3407.

2. Candlestick and Moving Average Patterns: On the daily chart, a bearish evening star pattern has formed and failed to break above the previous high of $3069, signaling a possible market reversal. However, on the 2-hour chart, repeated tests of the $3040 - $3050 range have established support, resulting in narrow-range consolidation, while short-term EMAs are also providing some support to the price.

3. Technical Indicators and Market Sentiment: The 2-hour MACD shows signs of a bullish crossover, but the overall trend remains weak, and with momentum declining, there is a short-term correction risk. The current Fear & Greed Index remains at a low level, futures open interest has fallen to historically low ranges, and most investors are staying on the sidelines, waiting for a clear directional signal before entering the market. #成长值抽奖赢iPhone17和周边 $ETH ‌