When watching the market today, there’s something interesting on the ETH hourly chart.

The overall setup is clear—the upward momentum is definitely there, but after the push up, can it hold steady? Will it just take off, or does it need to catch its breath first? A few key numbers are worth watching.

Let’s talk about the two resistance levels above first.

On the chart, it’s obvious: the first hurdle is at 3356, and the next strong resistance is at 3550. Even though the bullish sentiment is strong right now, when we reach these levels, it’s like climbing a mountain—your legs are bound to get shaky near the top.

If it really pushes up to around 3356 or even 3550 but then can’t move higher, showing that “wants to go up but can’t” stagnation signal, then you need to watch out for short-term pullback risks. At this point, you might consider trimming your position, or if you’re bold, setting up a short-term short to profit from a pullback. Keep in mind, this doesn’t mean the trend is collapsing—it’s just about timing.

Now, let’s look at the support levels below.

What if there’s a pullback? The first key level is 3210, which is the dividing line between bulls and bears. If it holds, the trend is still strong. If it breaks, then look at the short-term support zone between 3210 and 3035—there could be rebound opportunities in this range. If you’re daring, you can try “catching the falling knife” for a quick rebound trade.

Keep an eye on the news too.

News is like a match for the market. Major releases like the US ADP employment data can often trigger big volatility. Especially when the technicals are right at key resistance levels, one bad data point could be the catalyst for a pullback.

So, in the coming days (December 3 to 14), pay close attention to macro news—it could very well be the straw that breaks the camel’s back and disrupts the balance.