Here’s the ETH trend review for midday on December 4.

The current position is quite delicate—if there’s a breakout above 3224 with volume, following up with a long position is one strategy. But remember to set your stop at 3204; if it breaks through with volume, you’ll have to admit defeat and take the pullback.

The pullback to 3149 is worth watching. If this level holds and forms effective support, you could consider a light long position. If it falls below 3098, don’t get too attached. If the hourly chart holds above 3250, the upside could open up to the 3277-3315 range.

Speaking of 3315, that’s an interesting spot—if it reaches there, consider flipping to short, but if it breaks above 3355, cut your losses decisively. As for left-side ambush orders, you can set a long at 3029 for fun, with your stop at 2973.

Resistance zones: 3250/3277/3315
Support zones: 3147/3100/3051

Looking at the 4-hour chart, if 3146 is lost, it should theoretically head towards 3098-3027, but with the current momentum… it doesn’t seem likely to drop much.

Here’s the key—the 4-hour chart might be brewing a seven consecutive bullish candlestick pattern ( Note I said “might” ). Once the candle closes at 12:00 noon, you’ll know—if it’s indeed the seventh bullish candle, historical data shows there’s an 80% chance the next candle will be a large bullish breakout, targeting the spot marked by the yellow arrow on the chart.

But if the 12:00 candle closes bearish? Then forget it, the pattern failed, no need to chase. If it closes bullish… you should go for it; hesitate and you’ll miss the chance.

I won’t go into other time frames—just keep an eye on whether this pattern forms. That’s it.