As of 14:00 on December 31, 2025, ETH is experiencing short-term oscillations with a bearish bias, and the direction remains unclear; the core range is $2900–$3000, with range trading and observation dominating before the annual line closure.

Core Market Overview (as of 14:00)

- Price: approximately $2970, up about 1.1% in 24H, with decreased volume and oscillation
- Main Trend: Daily chart is under downward trendline pressure, price below 20/50/100/200-day moving averages; Bollinger Bands are downward, favoring bears
- Rhythm: 4-hour MACD bearish bars are shortening, no golden cross; KDJ is neutral (around 46), no clear signals; moving averages are intertwined, balancing bulls and bears
- Volume: 24H trading is sluggish, end-of-year funds are cautious, liquidity is weak

Key Price Levels (USD)

- Resistance: 2960–3000 (short-term), 3008–3053 (strong resistance, yesterday’s high + upper range); if price stabilizes above 3000 with increased volume, or tests 3100+
- Support: 2894–2900 (short-term, early morning low), 2850–2880 (strong support); if price breaks below 2900 with increased volume, or drops to 2750–2800

Bull and Bear Scenarios

- Bull: 4-hour close above 2960 and volume breakout above 3000, continuation of rebound, targeting 3050–3100
- Bear: Break below 2890 with volume, accelerating decline to 2850–2880, further down to 2750
- Consolidation: With decreasing volume, likely range-bound between 2900–3000 until close

Trading Recommendations

1. Short-term: Range trading, lightly long at 2900–2920 with stop-loss at 2880; lightly short at 2980–3000 with stop-loss at 3020; quick in and out, strictly control position size (≤20%)
2. Swing: Mainly observe, wait for volume breakout above 3000 or breakdown below 2900 before following the trend
3. Risk Management: End-of-year liquidity is poor, slippage risk is high, avoid heavy overnight positions