12.18 ETH Midday Market Forecast and Analysis

Midday ETH is likely to show a biased strong oscillation and upward momentum: on one hand, the decline in the morning did not break below the key support at 2810, and a quick rebound recovered most of the losses, indicating that the bullish momentum still dominates; on the other hand, there is some profit-taking pressure around the intraday high of 2846.81, making a direct breakthrough difficult. It is expected that the price will fluctuate within the 2830-2845 range. If trading volume continues to follow, there is a possibility to attempt a breakout above the resistance level toward 2850; if volume is insufficient, the price will remain in a biased strong consolidation within the range.

Trading Reference
If the price pulls back to and stabilizes within the 2810-2825 range, consider a small long position, targeting 2840-2845, with a breakout aiming for 2875. Set stop-loss below 2800.

If the rebound reaches the 2845-2850 range and faces resistance, consider a short position, targeting 2835-2830.

Wait-and-see Strategy: If the price directly breaks above the previous high of 2846 with increased volume, it is recommended to stay on the sidelines for now, wait for a pullback confirmation before following the trend; if it quickly breaks below the support at 2830, also wait and avoid the risk of a breakdown.