This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum December 17th Trend Analysis
Consolidation Bottoming, Bulls and Bears Competing at the 3000 Level
- 4-Hour Cycle: Four consecutive long lower shadows, RSI in oversold territory (30-40), MACD about to cross upward, indicating strong support signals
- 15-Minute Cycle: Recent volatility has narrowed, forming a converging triangle, with no clear trend, awaiting a breakout direction
- Key Price Levels: Above 3000-3020 is psychological resistance; below 2900 is strong support, with 2840-2876 as the ultimate line of defense
Trading Plan
Strategy (Highly Recommended)
Entry Conditions: Subscription visible
Observation Conditions
- Price fluctuates narrowly between 2950-3000, with no clear breakout signs
- Bitcoin breaks below the 85000 key support, increasing linked risk