#美SEC促进加密资产创新监管框架 I checked $ETH around noon on December 5th, and it's hovering near 3162, up about 1% on the day.

This morning, Ethereum tested the 3150 level but didn’t break it, then started moving upward. Now it's grinding above 3160. Honestly, this price action feels a bit indecisive—like it's waiting for a clear signal. Some bullish capital has returned, but the sell orders above are still pretty thick, so everyone’s watching and waiting.

From a technical perspective, the Bollinger Bands have narrowed, with the upper band at 3238, middle band at 3170, and lower band at 3108. Volatility is clearly contracting. The candlestick has been bouncing back and forth below the middle band; 3150 support has held up, but to break above 3175 and go higher, it’ll need volume to cooperate. On the MACD, DIF and DEA are at 5.6 and 6.1 respectively, and the green bar is shrinking (-1.07), indicating the bears are losing strength and it may be bottoming out soon.

For trading, here’s how I see it: if you want to go long, consider buying on a pullback to the 3135-3150 range, targeting 3200-3220, with a stop loss just below 3115—don’t hesitate. If you want to go short, wait for a bounce to the 3225-3245 resistance area before entering, target 3175-3150, and set your stop above 3265.

Overall, Ethereum’s short-term structure is still healthy. 3150 is holding, and MACD shows signs of stabilizing, but the overall rhythm is still consolidation and recovery. My advice is to keep playing the range strategy—go long at the lows, short at the highs, and wait for a breakout with volume before deciding on a mid-term direction.

Right now, I’m still holding $BTC and $SOL spot positions myself, so I’ll just keep watching for now.