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
ETH-0.24%
BTC-0.18%
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