#美国证券交易委员会推进数字资产监管框架创新 12.19 Ethereum Morning Technical Observation

From the intraday trend, Ethereum this morning shows a clear pattern of bottoming out and rebounding → rallying and then pulling back for correction. Compared to Bitcoin's performance, ETH's recent upward momentum is indeed stronger, and its short-term bullish characteristics are quite evident.

**Details of Price Evolution**

Initially, it dropped to the 2772.97 level, then did not continue to decline but instead quickly rebounded. During the entire rebound, trading volume kept increasing, and the current price around 2834.99 was built up through this process. You can see that the bulls' support strength is quite good — this usually indicates that there is support below.

On the intraday chart, it has already broken through the previous dense consolidation high point area. The zone between 2800-2815 has now become short-term support. The immediate resistance is at 2840. From the candlestick pattern, there are no obvious signs of being pushed back.

**Volume and Pattern Analysis**

As Ethereum moved upward from its lows, consecutive bullish candles appeared. This is a typical rebound after an oversold condition — not just a normal rally, but a revenge rally after being pushed down. After breaking through the key level at 2830, buying sentiment started to warm up. Based on the current momentum, this oversold rebound may not have fully played out yet.

**Probable Future Trend**

During the day, it is likely to continue this relatively strong oscillation upward. If it can stabilize above 2840, the target will be in the 2890-2900 range. If it gets pushed down near 2840, it may consolidate back and forth between 2815-2840 for a period.

**Trading Strategy Reference**

Long idea: Enter when the price retraces to the 2815-2820 range, with the first exit target at 2840-2850. If it successfully breaks through here, consider chasing higher towards 2890. For risk management, set a stop loss below 2800.

Short opportunity: If the rebound reaches the 2840-2850 zone and shows bearish engulfing or shooting star signals indicating a top, consider a small short position. The target for the pullback is sequentially 2820, 2810, 2780. Set the stop loss above 2860.

$ETH