(January 1st, 12:16 ETH approximately $2,960)
Looking at the current technical situation of ETH, the daily chart remains in a sideways and slightly bearish pattern, the 4-hour chart is relatively neutral, and the hourly chart shows some signs of weakness. Considering the thin liquidity during the holiday period, focus on the performance within the 2,940 to 2,990 range in the short term, with 2,980 and 2,940 being the most critical levels.
From a price structure perspective, the resistance levels above are sequentially 2,980–3,000 (where the 4-hour upper band and a key round number coincide with double resistance), followed by the medium-term resistance zone of 3,075–3,110, with a previous high at 3,150. Support levels below are, from near to far, 2,940 (intraday weak support), 2,915–2,920 (4-hour lower band), 2,830 (medium-term support), and then the strong consensus support zone of 2,750–2,700.
Technical indicators also confirm this assessment. On the daily chart, the price is under pressure below the 30-day moving average, RSI is around 47, indicating a neutral zone, MACD has a death cross, and trading volume is shrinking, suggesting the downward momentum is weakening but has not yet turned bullish. The 4-hour chart is mostly consolidating, with RSI and price both neutral, showing no clear direction. The hourly RSI leans bullish, with a small MACD golden cross, indicating short-term bullish momentum, but this strength can be easily disrupted by liquidity.
Regarding trading ideas: for intraday short-term trading, consider range-bound buy low, sell high strategies. Accumulate longs in batches around 2,940–2,950, with a stop-loss at 2,930, targeting 2,980; if resistance is encountered at 2,980, consider light short positions with a stop at 3,000 and a target back at 2,950. Keep each position below 10%, and trade quickly to avoid liquidity traps.
For medium-term trading over 1–2 weeks, build positions gradually within 2,915–2,950, keeping total exposure below 30%. Set a defensive stop at 2,830; if broken, reduce positions. Once the price stabilizes above 3,000, consider adding positions with targets at 3,075–3,110. The final safeguard in this strategy is 2,750, which is an absolute stop-loss level that must not be breached.