On December 24th, Ethereum continued to be under pressure at high levels, repeatedly testing the resistance level but failing to break through effectively.

From the 4-hour chart, the coin price is facing multiple pressures. The lower Bollinger Band is still at a support level, but there is significant resistance above, making it difficult to break through in the short term. More concerning is the performance of the MACD indicator—red bars are shrinking, and a death cross signal has appeared pointing downwards. This combination often indicates that the risk of a downward trend is accumulating.

Based on this pattern, it is recommended to pay attention to the following trading opportunities: set up short positions around 3010 and 3080, targeting levels of 2910 and 2860 respectively. This approach is to trade with the trend within the range, waiting for the market to give a clear directional signal. The strategy of shorting high and buying low is still applicable - short at high levels and gradually accumulate at low levels, taking advantage of fluctuations to earn the price difference in between.

Overall, Ethereum is still in a rebound but is facing resistance in the short term. It would be more prudent to patiently wait for technical confirmation of a new trend direction.