12.29 Midday ETH Price Trend Forecast and Analysis

I. Current Trend Review

1. Short-term Trend: After dipping to an intraday low of 2922.84 in the early session, ETH began a strong unilateral rally, reaching a high of 3056.00 by midday. After breaking the 3000 mark, it continued to push higher, with short-term bullish momentum being highly unleashed, forming a steep upward trend.
2. Key Price Levels: 2922.84 has become a strong intraday support. During the rally, there was almost no deep correction, and buying strength was robust; after breaking through the 3000 level, it turned into an immediate psychological support, with 3050 serving as a short-term resistance level.

II. Midday Trend Forecast

1. Most Probable Trend: ETH is likely to enter a high-level consolidation phase during midday. The 3050 - 3056 range is a short-term dense resistance zone. After the initial surge, profit-taking may cause a slight pullback, but with the bulls in control, the pullback space is limited. The expected consolidation range is between 3030 - 3050.
2. Less Probable Trend: If capital continues to flow in, ETH may break above the 3056 high, further exploring the 3070 - 3100 range; if there is significant selling pressure, the price may retrace to the 3000 - 3020 support zone, with a low probability of falling below the 3000 level.

III. Trading Recommendations

1. Bullish Strategy: Consider entering long positions with small positions if the price retraces to the 3020 - 3030 range, with a stop-loss around 3000, targeting 3050 - 3060.
2. Bearish Strategy: In the short-term upward trend, avoid blindly shorting; if the price shows obvious stagnation above 3056 (such as long upper shadows or shrinking volume), try a very small short position with a stop-loss above 3060.
3. Risk Reminder: Cryptocurrency markets are highly volatile. It is essential to strictly control positions and set stop-losses, paying attention to overall market capital flow and BTC trend influence on ETH.