ETH December 20 Technical Analysis (As of December 20, 09:40, USDT valuation)

Core conclusion: Daily chart shows slight bullish oscillation, 4-hour bullish correction, 2-hour neutral leaning bullish. In the short term, watch the 2950-3010 range; if it holds above 3010, then target 3050-3080; if it falls below 2950, then retreat to 2900-2870.

1. Key Price Levels and Cycle Indicators

• Current price: approximately 2965 USDT; 24h range: 2957-3008, +4.5%

• Daily: Price above MA7/25/99 (2959/2897/2913), Bollinger middle band at 2930, RSI 52 (neutral leaning bullish), MACD with small red histogram expansion, fast line above slow line

• 4-hour: MACD golden cross continues, red histogram expanding; RSI 58 (not overbought); price above Bollinger middle band at 2940, support at middle band

• 2-hour: RSI 51 (neutral), price rebounded after testing 2955 (2-hour middle band), short-term bullish but momentum is moderate

2. Support and Resistance Levels

• Support: 2950 (daily/4-hour middle band resonance), 2900 (previous lows with high trading volume), 2870 (strong support)

• Resistance: 3010 (24h high), 3050 (psychological level), 3080 (upper boundary of previous oscillation)

3. Multi-cycle Signals and Trading Strategies

1. Trend positioning: Daily bullish structure intact, 4-hour confirmed correction, 2-hour opportunistic entry

2. Bullish strategy: Light position on pullback to 2950-2955 (2-hour middle band + daily support); stop loss at 2920 (below 2950, risk ≤1.5%); take profit in two stages — 3010 (+2%) reduce 50%, 3050 (+3%) reduce 40%, remaining 10% trailing stop (move up 1.5% each 2% rise)

3. Bearish strategy: Enter small short positions only if resistance at 3010-3020 with signs of MACD death cross on 4-hour; stop loss at 3040; take profit at 2960-2950

4. Watchlist signals: If price breaks below 2950 and 4-hour MACD weakens, pause opening new positions, wait for support at 2900-2870 to confirm

4. Risk Warning

• If market sentiment weakens, ETH may retrace along with BTC. Monitor BTC’s breakout in the 88000-90000 range.
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• Max risk per trade ≤ 1.5% of total funds, position size per coin ≤ 20%, strictly adhere to stop loss