According to today’s (December 6, 2025) market information, Ethereum $ETH is currently at a key position where there is a clear divergence between bullish and bearish views.

📊 Main Current Market Views and Basis

To help clarify, here are the main bullish and bearish perspectives in the current market and their technical basis:

Main Bearish Views

· Core judgment: Facing the risk of a deep pullback, be alert for a downside breakout.
· Key resistance: $3,200 - $3,250
· Core support: $2,985 - $3,000; if broken, may look toward the $2,800 or even $2,500-$2,200 area
· Main basis:
1. Technical pattern: The price has formed a “bearish flag” on the daily chart; if it breaks down, the theoretical target could reach $2,200-$2,220.
2. Key indicator: Repeatedly testing the MVRV -0.5σ (around $2,820-$2,830) critical support band; if this is effectively broken, historical data shows it may trigger a significant drop.
3. Market sentiment: Data analysis shows the previous “buy the dip” signals are fading, and the market is showing weakness near the resistance area.

Main Bullish Views

· Core judgment: If key resistance is broken, a new round of rally could start.
· Key resistance: Around $3,249
· Upside targets: After breakout, may look toward $3,400, $3,700-$3,850
· Main basis:
1. Technical breakout: A strong breakout with volume above the $3,249 resistance could confirm a short-term uptrend.
2. Optimistic comparison: Some analysts point out that the ETH/BTC chart is similar to the pattern before the 2021 bull market; if history repeats, a significant rise could be expected.
3. Fundamental events: The “Fusaka” network upgrade completed in early December aims to improve scalability, which may provide long-term price support.

⚠️ Other Important Signals to Watch

In addition to technical analysis, here are some noteworthy developments today:

· Large transfers: According to monitoring, the Ethereum Foundation transferred 1,000 ETH (worth about $3.12 million) about 25 minutes ago. Movements from foundation addresses usually attract market attention, but the specific purpose (such as for development, grants, or other uses) requires further information to determine.
· Market volatility: Open interest in Ethereum futures is at a historical high, indicating high market participation and leverage, which could amplify price swings in either direction.
#十二月行情展望