12.29 ETH Evening Trading Strategy


1-hour chart stabilizes above 2983, can go long
Target 3013–3061

4-hour chart breaks below 2959, can go short
Target 2908–2858

ETH hourly correction is limited, with a drop of about 100 USD. After being pressured at around 3055 and falling back, it did not break the previous high and reverted to a trumpet pattern. The support at 2953 has completed its first test.

Currently, 2953 is temporarily valid. A rebound requires a break above 2997 (upward neckline) to confirm the support structure; once broken, the market will weaken. Watch below at 2907 and 2880 (lower edge of the trumpet), as further decline is possible.

Risk Reminder
Before the US stock market opens, mainly observe and beware of sudden capital movements causing false breakouts. Confirm the direction before participating for more safety.
ETH-0.59%
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