ETH's price action is surprisingly resilient right now. Despite heavy selling pressure hitting both spot and futures markets—especially noticeable on major platforms like certain compliance-focused and top-tier exchanges—the token's holding its ground. What's interesting? There are resting buy orders soaking up those market sells like a sponge. Someone's clearly defending these levels. Funding rates remain neutral, which tells you leverage isn't getting crazy yet. Meanwhile, open interest is unwinding and moving sideways. Classic ranging behavior. Not screaming bull or bear—just... steady. The absorption pattern here matters more than the noise.

#比特币行情观察 #十二月行情展望 $BTC $ETH December 9 Institutional Price Structure Analysis and Assessment: 1. Using BTC/USDT perpetual as an example, continuing the previous view, a short-term breakout above 90953 is bullish. On December 1, long positions were followed up with defensive take-profit in the live session. The trading strategy mainly follows the "Institutional Strong Inflection Point Model" (for a detailed explanation of this model, please follow "K-Line Digital Code" and watch the replay of the live video), mainly buy on dips with some short selling as a supplement. 2. Using ETH/USDT perpetual as an example, continuing the previous view, as long as the short-term consolidation does not break below 2982, the outlook remains bullish. On December 2, long positions were followed up around 2799-2781 with defensive take-profit (see attached chart for December 2 dynamic strategy). The trading strategy follows the hourly cycle "Institutional Strong Inflection Point Model" ( (for a detailed explanation of this model, please follow "K-Line Digital Code" and watch the replay of the live video) ), mainly buying on dips and supplementing with selling on rallies; For more detailed strategies, please join the "K-Line Digital Code" member group or refer to the subscription content. Android users can directly click to subscribe, while iPhone users need to try this official link to subscribe: https://www.gate.com/zh/profile/K Line Digital Code In the future, China will belong to those with right knowledge, right thoughts, and positive energy. The greatest crisis is not a financial crisis, but a crisis of morality and faith. The more blessings one has, the greater one's energy; walk with the wise, accompany the kind, care for the people, and love without boundaries. Disclaimer: The information and opinions in the above report are for reference only and should not be regarded as advice or recommendations for actual investment transactions. Investors should assess whether to use the contents of the report based on their individual investment objectives, financial situation, and needs, make independent investment decisions, and bear the corresponding risks themselves.

Heads up for anyone holding pre-iUSDT or other hourglass deposits on that stablecoin protocol – your ctstableusdt and ctstablefrxusd shares are sitting there waiting for you to grab them. You'll need to claim these to bridge them from Ethereum over to the Stable chain. Check your portfolio tracker on Concrete to see what's available. The withdrawal queue goes live December 13th, so mark your calendar if you're planning to move funds out.