#ETH走势分析 Today, Ethereum made a standard V-shaped move, directly pumping from the bottom. However, there is a detail worth pondering — the trading volume didn't follow. This kind of rebound without volume clearly shows that the long positions don't have enough confidence.

To put it positively, December has historically been a friendly month for ETH (ranked fourth), plus the Fusaka upgrade is coming soon (L2 processing speed can be greatly improved), and with institutions gradually entering the market during this period, there is still a chance for a long-term range of $3500 to $4000, which translates to about a 20% upside potential.

But in the short term, we really need to be careful. If the $2800 level cannot be held, it is very likely to test the $2700 support line; conversely, if it can stabilize, the next target will be to break through the $2900 resistance level. Right now, it’s a tug-of-war between long positions and shorts in this range.