$ETH December's market conditions indeed test people's patience, with frequent switches back and forth. In the first ten days, driven by expectations of a Federal Reserve rate cut, Ethereum surged to around 3400. By mid-month, the rate cut was realized, but expectations of a Japanese rate hike re-emerged, causing the price to plunge to 2772. In the latter part of the month, after Japan confirmed the rate hike, the price quickly rebounded to 3077, then fluctuated repeatedly within the 2880 to 3080 range. This month, the profit amounted to $1341.65, but honestly, the frequent switching between bullish and bearish trends made it very challenging to trade.

Entering January, from a technical perspective, Ethereum's monthly chart has been declining for four consecutive months. December closed with a doji star, and interestingly, the bottom has been gradually rising. What does this mean? It suggests that a rebound is very likely in January. Recent days' movements also confirm this — during the daytime, Ethereum often shows signs of rebounding, but every evening, it gets dragged down by the US stock market and drops. At this pace, once the US stock market's correction concludes and a rebound begins, the crypto market will have a good chance to start a strong upward trend.