December 18, 2025 $ETH The 4-hour timeframe is in a major downtrend, but due to severe short-term overselling, it has entered a weak consolidation phase with oscillations.

Key level analysis:

Resistance levels above (from strong to weak):

1. EMA moving average band (~2908 2975): This is the most recent and direct technical resistance zone. Any rebound will first face strong selling pressure in this area.

2. Previous low turned resistance ~2945-2965: The lower boundary of the consolidation platform formed on December 16-17, which becomes resistance after being broken.

3. Psychological level 3000: An important round number psychological barrier and previous area of high trading volume.

Support levels below:

1. Current oscillation low ~2790-2830: The recent low zone formed over several cycles, serving as the last line of defense for the short-term bulls. A volume-driven break below this level would extend and accelerate the downtrend.

2. Further support: Data not shown, but based on previous trends, levels like 2750, 2700, or other significant previous lows can be considered.

Key observation points:

Can volume break through 2900 (EMA fast line)? This is the first important signal to determine whether the downtrend pauses or reverses.

Will volume break below 2790? If so, it will confirm the restart of the downtrend and may open new downside space.

Volume changes: Whether volume increases during rebounds and decreases during declines are crucial for judging the strength of the rebound.

Trading suggestions:

Before the price effectively breaks above the EMA band (especially the fast line), any upward movement should be regarded as a rebound within a downtrend, not a trend reversal. Traders should focus on the breakout of the resistance zone 2900-2975 and the support zone 2790-2830, combined with volume analysis for decision-making.

Risk warning:

In a overall bearish pattern, the risk of contrarian rebounds is very high. Waiting for clear trend reversal signals (such as MACD golden cross or price stabilizing above EMA) is more prudent. #市场触底了吗？ #ETH走势分析