In the early session, ETH experienced a sharp decline, dropping to 3022.51 before rebounding. It has now recovered to around 3072.54, forming a classic V-shaped movement. To be honest, this wave of rise and fall is quite significant, with both bulls and bears fighting it out, making the short-term rhythm a bit chaotic.
**How to view support and resistance?**
The 3022.51 level is a strong support. Looking upward, the 3080-3100 zone is a hurdle; to continue pushing higher, it must break through this area. From a chart perspective, the rebound after the sharp fall is merely a correction of oversold conditions and hasn't yet formed a true reversal pattern. We need to continue observing whether the rebound can hold. During the decline, there was ample selling volume, but if the volume doesn't pick up during the rebound, the upward momentum will be limited.
**Short-term expectations are roughly as follows:**
There's a good chance of oscillating between 3060-3080 as the market digests the sharp early decline. If it can stabilize above 3080, there's a chance to test 3100; conversely, if the rebound can't hold, it might return to around 3050 to find a new bottom. Currently, market sentiment is easily influenced by unexpected factors, and volatility will likely remain intense. Don't overlook the risk of another dip after a rebound.
**Trading strategy reference:**
Consider a small long position in the 3055-3066 range, with a stop-loss at 3040, targeting 3080-3090. If the price surges above 3100 but faces resistance and falls back (especially with bearish candles or weakening volume), you might consider a light short position, aiming for 3075-3065. If further breakdown occurs, watch the 3045-3025 area closely.
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MentalWealthHarvester
· 12-15 05:05
Another V-shaped rebound. This trick is almost played out. Can't we see some real breakthroughs?
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SoliditySurvivor
· 12-15 02:00
V-shaped rebound is the easiest to get burned, if the volume can't keep up, it's a trap.
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If 3080 can't be broken, don't force it; this rebound doesn't feel right.
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A quick sell-off followed by a rebound, isn't this pattern a bit too obvious haha?
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Volume is really the key here; without volume increase, it's all pointless.
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Feels like the real bottom is at the 3045 level? This wave seems a bit fake.
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It's very realistic to fall again after a rebound; I've experienced too many such routines.
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Small positions for long entries are okay, but I'm afraid of being cut again when reversing to short.
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With market sentiment so bad right now, who dares to hold heavy positions? Still, better to wait and see.
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A declining candle with weakening volume to reverse? This move sounds good, but I always hesitate when executing.
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Whether the support at 3022 can hold is crucial; if broken, it's a straight cut.
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GasFeeSurvivor
· 12-15 01:59
The early trading drop was really fierce, breaking 3022 and frightening everyone. Luckily, it rebounded; otherwise, I would be really distressed.
If the rebound lacks volume, be cautious of another drop. If 3080 doesn't break through suddenly, it's just a joke.
Small position, buying the dip at 3055, stop loss at 3040. Not greedy, let's see how it goes first.
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digital_archaeologist
· 12-15 01:57
Will the V-shaped rebound be crushed again? This trading volume really feels a bit disappointing.
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ForkYouPayMe
· 12-15 01:56
V-shaped rebound, is that it? Trading volume can't keep up, feels like there will be another round.
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ApeWithNoChain
· 12-15 01:54
As long as this critical point at 3022 is not broken, we still have a chance.
View OriginalReply0
MiningDisasterSurvivor
· 12-15 01:38
Another V-shaped rebound. I've seen this routine before; in 2018, it tricked the little guys into buying in this way.
Without volume, a rebound is just a paper tiger. If the 3080 level can't be broken, the price still needs to go lower.
Trying with a small position is okay, but don't be too greedy. The bear market has taught me that surviving is more important than making money.
Volume is the real boss; don't be fooled by those fancy technical details.
The support at 3022 is unreliable. If broken, the price will drop directly below 3000, leading to another wave of panic selling.
Frankly, this is just a震荡 shakeout. The real show begins when big funds step in. Right now, entering the market just means catching a falling knife.
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ApyWhisperer
· 12-15 01:34
V-shaped rebound but insufficient trading volume, this wave still carries risks
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Unable to break 3080, it feels like a retest is coming, the early session sell-off was too aggressive
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The rebound is just a correction, don’t be fooled, we need to watch the trading volume
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A small position at 3055, with a stop loss definitely at 3040, no hesitation
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If it breaks through 3100 and gets knocked down again, go short immediately, we’re looking at 3045
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The market is so fragile right now, even a slight breeze causes big fluctuations; caution is still necessary
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Support is no problem, but the concern is the rebound lacking strength, the probability of not going higher is quite high
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Insufficient trading volume is just for show; it looks like a rally but is actually an overvaluation
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If the 3080-3100 range cannot be broken, I will stop looking for long positions
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A sharp decline and recovery are too far from a true reversal, don’t confuse the two
#数字资产生态回暖 December 15 ETH Technical Review
In the early session, ETH experienced a sharp decline, dropping to 3022.51 before rebounding. It has now recovered to around 3072.54, forming a classic V-shaped movement. To be honest, this wave of rise and fall is quite significant, with both bulls and bears fighting it out, making the short-term rhythm a bit chaotic.
**How to view support and resistance?**
The 3022.51 level is a strong support. Looking upward, the 3080-3100 zone is a hurdle; to continue pushing higher, it must break through this area. From a chart perspective, the rebound after the sharp fall is merely a correction of oversold conditions and hasn't yet formed a true reversal pattern. We need to continue observing whether the rebound can hold. During the decline, there was ample selling volume, but if the volume doesn't pick up during the rebound, the upward momentum will be limited.
**Short-term expectations are roughly as follows:**
There's a good chance of oscillating between 3060-3080 as the market digests the sharp early decline. If it can stabilize above 3080, there's a chance to test 3100; conversely, if the rebound can't hold, it might return to around 3050 to find a new bottom. Currently, market sentiment is easily influenced by unexpected factors, and volatility will likely remain intense. Don't overlook the risk of another dip after a rebound.
**Trading strategy reference:**
Consider a small long position in the 3055-3066 range, with a stop-loss at 3040, targeting 3080-3090. If the price surges above 3100 but faces resistance and falls back (especially with bearish candles or weakening volume), you might consider a light short position, aiming for 3075-3065. If further breakdown occurs, watch the 3045-3025 area closely.