12.15 ETH Midday Forecast and Analysis

ETH dipped to 3022.51 in the early session and then rebounded strongly to the 3150 level, followed by a pullback under pressure. During midday, it oscillated between 3110-3130, showing a pattern of bottoming out and then rising before falling back, with short-term bulls and bears fiercely contesting. Support: 3110 is the lower boundary of the midday range; if broken, look for 3080-3090. The strong support is at 3022.51. Resistance: 3150 is the intraday high; 3130-3140 is a short-term critical resistance. A breakout could target 3180-3200. The midday trend is likely to oscillate between 3110-3140. If it stabilizes above 3130, bulls may attempt to push toward 3150; if it falls below 3110, it may retest 3080-3090. Overall, the rebound momentum is weakening, and confirmation of the trend requires a breakout of the range.

Trading Suggestions:
Core Long Entry Zone: 3110–3120
This zone is the lower boundary of the midday range and a confirmation point after the early rebound. Holding above this zone indicates continued bullish momentum.
Aggressive traders can go long lightly at 3110-3115, with a stop-loss below 3100, targeting 3130-3140. A breakout could see a move toward the 3150 intraday high.
Strong Support for Long Positions: 3080–3090
This level is the previous rebound start point. If midday pullback reaches here, it presents a low-risk buying opportunity after a correction. Stop-loss at 3070, target 3120-3130.

Core Short Entry Zone: 3140–3150
This zone is the intraday high resistance band. Multiple attempts to break higher failed, and bears tend to gain strength under pressure.
Conservative traders can short lightly at 3140-3145, with a stop above 3155, targeting 3120-3110. If broken, look for a decline toward 3080-3090.
Weakness Short Zone: If the price drops below 3100 in the afternoon, traders can short on the trend, with a stop at 3120, targeting 3070-3080.