#数字资产生态回暖 12.12 ETH midday market review

$ETH today played out a classic volatility script — initially surging straight to $3272.43, then sharply falling to $3183.33, followed by a weak rebound hovering around $3240. In simple terms, this is a technical rebound after a rapid drop; the bears are still sitting comfortably in their big shorts.

From the candlestick patterns, the rebound strength is weakening. The bodies are smaller, upper shadows are longer, and the selling pressure above is fierce. Trading volume can't keep up with the pace. The previous high points stand there like a mirror — visible but unreachable. The long lower shadow at $3183.33 looks like a signal of support, but don’t be fooled — this is just funds probing for tentative positions; the bulls haven't really gained momentum yet.

Key levels to watch:

Strong resistance lies between 3260-3272 (repeated rebounds often get stuck here). If it breaks through, look out for targets at 3280-3300. Weak support is at 3220-3230 (this line is fragile; if broken, a second wave of decline could follow). The real bottom line is at 3183-3200, which is the crucial intraday support zone — a relatively solid footing.

How to operate? The core idea is to short on rebounds and use small long positions as support:

For shorts, when seeing resistance candles in the 3260-3275 range (like bearish engulfing or long upper shadows), open a short position. Stop-loss above 3280. Target 3200-3230; if broken, aim for 3175-3185. For longs, if signals of a bottom appear in the 3190-3200 zone (like bullish engulfing or long lower shadows), try a small position with a stop-loss below 3180, targeting 3240-3250. Once hitting 3270, take profits immediately.

Remember, this intraday volatility turns around quickly. Stop-loss and take-profit orders must be executed strictly. Keep positions within 30%. The remaining funds should always be ready for black swan events.