#数字资产市场动态 Recently, discussions about Ethereum $ETH have been quite heated, with the topics mainly revolving around—price movements, technical signals on the chart, whether funds will flow in, and regulatory attitudes. The bulls and bears are still battling each other in the market, making the short-term trend somewhat unpredictable. In the long run, the gradual entry of traditional financial institutions offers plenty of imagination space.

**Price and Technical Tug-of-War**

$ETH has been fluctuating between $2900 and $3000 recently. On December 26, it briefly surged to $2975 but lost momentum and turned back. Traders are watching the support level around $2860-$2880 and the resistance at $3050. As long as one of these levels is broken, a one-sided trend may follow.

What’s the bulls’ logic? They see multiple rebounds near $2900, thinking it might be a triple bottom pattern. If it can hold above $3050, there’s potential to push up to $3200. The bears, on the other hand, see a head and shoulders top on the 4-hour chart. If $2900 is broken, the target could be $2880 or even $2730. Some analysts are even preparing to short in the $2980-$3020 range.

**Event Impact and Market Linkage**

On December 26, there was an options expiration, with $23.7 billion worth of Bitcoin options expiring, and $ETH also had $4.8 billion in positions maturing. Historically, such large expirations often cause some market movement, but this time the market reaction was surprisingly calm, with key levels not being broken.

Meanwhile, gold and silver hit new highs, and although the US dollar weakened, in theory, idle funds might flow into the crypto market. However, Bitcoin has been somewhat weak recently, dragging down Ethereum’s rally.