#ETH走势分析 Ethereum Market Observation on December 7

$ETH The current price is hovering around 3042. In the early session, it briefly touched a high of 3068, then gave back gains, and the overall movement is showing a sideways consolidation after a rally and pullback.

On the 1-hour chart, the price first formed a long upper shadow to test the high, followed by several small bullish and bearish candlesticks, showing a typical choppy consolidation pattern—indicating that bulls and bears are in a tug-of-war within the 3040 to 3050 range. The 3023 level below demonstrates strong support, with the price rebounding quickly after touching it, confirming the validity of this support. When testing upwards to 3068, it encountered resistance and fell back, showing significant selling pressure in the 3060-3070 range.

Technical indicators: KDJ's three lines are turning upward, with the J value breaking above 50 to form a golden cross pattern, suggesting short-term bullish momentum is building. However, the K value is near the 50 mark, so it's important to watch whether it can break through effectively. The MACD histogram has turned positive, the DIF line is about to cross above the DEA, bearish momentum is clearly weakening, and bulls are starting to regain the initiative.

The current outlook is mainly bullish within a consolidation. Support levels are at 3037(the Bollinger middle band)and 3023, with resistance at 3056(the Bollinger upper band)and 3068. If the price can hold above 3050 and break through the upper band, there is potential for further upside; otherwise, it will likely continue to fluctuate within the range.

As for trading strategy, if there is a pullback to the 3010-2970 area, consider trying a light long position, with a target around 3065-3090. This is just my personal trading idea for reference only and does not constitute investment advice.