Regarding today's trading strategy for Ethereum, based on the current market situation, bullish and bearish factors, and technical analysis, here is the key information and trading strategy summarized for you.

Core Market Dynamics (December 23, 2025)

· Current Price: The price of Ethereum has fallen below the psychological threshold of $3,000, currently reported at $2,999.89. As of today's data, the 24-hour decline is 1.71%.
· Whale Activity: Significant selling pressure was observed in the market today. According to on-chain data, a major Ethereum whale address sold 10,006 ETH in the past hour, totaling 30,605 ETH sold in the past week at an average price of $2,913.
· Market Sentiment: Overall market sentiment remains in the "extreme fear" zone. Meanwhile, Ethereum ETFs continue to see net outflows.

⚖️ Analysis of Key Factors for Long and Short Positions

The current market is a mix of bullish and bearish forces, with clear divergences.

Main supporting factors:

· Technical indicators show a bullish signal: Since the rebound from the low on December 18, the price of Ethereum has formed a bullish divergence with the Relative Strength Index (RSI), suggesting that the downward momentum may weaken.
· Supply is tightening: The ETH balance in exchanges continues to decline, reaching a multi-year low, reducing the potential selling pressure directly in the market.
· Institutions are optimistic in the long run: Although cautious in the short term, some institutions represented by Fundstrat believe that after the adjustment, Ethereum is expected to rebound to $4,500 by the end of 2026.

Main suppressing factors:

· Short-term technical resistance is strong: the price faces the first strong resistance level around $3,040, with $3,470 above being a key resistance zone, as previous rebounds were hindered in this area.
· Large holders concentrated selling: The concentrated selling behavior of whales today has intensified the downward pressure on the market in the short term.
· Institutional short-term forecasts are bearish: Fundstrat predicts in an internal report to clients that Ethereum may pull back to the range of $1,800 to $2,000 in the first half of 2026.
· Macroeconomic Uncertainty: The market is concerned about macro risks such as the potential government shutdown in the United States and Federal Reserve policies, which has suppressed buying of risk assets.

🧭 trading strategy reference

Based on the current market structure, you can refer to the following trading strategy according to your risk preference:

· For holders (holding and observing):
· Key support level: closely monitor the support at $2,940. If the price effectively breaks below, the next support looks towards around $2,800.
· Key resistance level: If the price rebounds, it is necessary to pay attention to whether it can successfully break through 3,040 USD and hold steady, as this is the first signal of a stronger short-term trend.
· Core recommendation: Before the price clearly breaks through the strong resistance zone of 3,470 USD, the current rise can only be considered a rebound, not a trend reversal. It is advised to control positions and avoid blindly chasing highs.
· For traders (considering trading strategy):
· Aggressive strategy: If you want to try buying around the current price level, you can set the stop loss below $2,900, aiming for a target near $3,200.
· Conservative strategy: Wait for clearer signals. The ideal situation is for the price to break out with volume and stabilize above $3,040 before considering entry, or to gradually position at a lower price (such as when approaching the $2,800 support level).

💎 Summary Points

1. Short-term weakness: Ethereum has fallen below $3000 and is under pressure from large holders selling and capital outflow, with a weak outlook in the short term.
2. Key levels: $2,940 and $2,800 are important support levels below; $3,040 and $3,470 are key resistance levels above. These levels are crucial points for determining changes in market direction.
3. Core strategy: The current market is in a sensitive position, and "waiting for confirmation" is safer than "actively betting". Pay attention to the test results of the price against the aforementioned key positions before making corresponding decisions.

Please note: The above analysis is based on today's publicly available market information. Cryptocurrency volatility is extremely high, and all strategies carry risks. Before making any investment decisions, please ensure to conduct independent research and only invest funds that you can afford to lose.