#美联储回购协议计划 December 26th Ethereum Market Analysis: Key Support Confirmed Repeatedly

Ethereum price has once again found support around 2890. Looking at the four-hour chart, this level has been tested four times already. The key to subsequent moves lies here—if it cannot hold above 2890, a further decline is possible.

From a technical perspective, Ethereum is currently fluctuating between 2900 and 3000, showing a generally weak consolidation trend. On the daily chart, the candles on December 23 and 24 closed with consecutive bearish (downward) candles, both with obvious upper shadows, indicating significant selling pressure above.

The interesting point on the indicator side is: on the 4-hour MACD, both DIF and DEA are below the zero line. Although there are signs of a golden cross, the momentum is insufficient; the daily MACD still shows a death cross, indicating the bears are still in control. Regarding RSI, the 4-hour value is 42.83, close to oversold, so a rebound is still possible; the daily RSI appears weak, with no obvious divergence signals. Looking at the moving average system, the price is currently below EMA7 (2939.94), while EMA30 (2953.09) and EMA120 (3005.28) form a bearish pattern, indicating a short-term bearish trend. As for volume, trading on the 4-hour chart has gradually decreased, and market sentiment remains cautious. Since the big plunge on December 19, trading volume has been declining, with clearly insufficient momentum.

**Trading idea**: Consider shorting around 2900-2910, targeting 2860-2820. Remember, such strategies are time-sensitive; actual operations should be based on real-time market conditions. $BTC $ETH