12.12 ETH Midday Forecast and Analysis

The intraday trend shows a pattern of "rallying high and then retreating - probing bottom and rebounding - oscillating and consolidating." The price surged to 3272.43 in the early session before encountering resistance and falling back, with the lowest reaching 3183.33. It then rebounded to around 3240 and oscillated. Overall, this is a "weak rebound correction after a sharp decline," without a trend reversal, and the bears still hold the dominant position. During the rebound phase, the candlestick bodies gradually shrink, and the upper shadows lengthen, indicating ongoing selling pressure above. Without volume support, breaking previous highs remains difficult; a long lower shadow appeared at the bottom test of 3183.33, representing short-term capital absorption rather than a signal of a bullish trend initiation. The intraday high zone of 3260-3272, with the peak at 3272.43, is the top of the early session's bullish push, repeatedly encountering resistance and representing a strong selling zone intraday. The 3280-3300 range is the lower extension of the previous consolidation platform; breaking through 3272 would turn this zone into the next resistance level. The consolidation zone during the rebound of 3220-3230 saw short-term acceptance as prices fell back into this area, serving as weak support. The key support zone at 3183-3200, with the lowest point at 3183.33, is crucial after the early sharp decline; its support strength surpasses that of the 3220 zone. The main strategy is to short on rebounds, with light long positions on dips in the strong support zone for trial.

Recommendation: Short when prices rebound to the 3260-3275 range and encounter resistance candlesticks, with a stop loss at 3280, and targets at 3200-3230, watching for a break below 3175-3185.

If prices fall back to the 3190-3200 zone, take a light long position on a bullish reversal candlestick, with a stop loss at 3180, and targets at 3240-3250-3270. Exit immediately upon encountering resistance.
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