Ethereum $ETH Today's Trading Recommendations

🔴 Bullish Viewpoint ( Potential Long Opportunities )

· Main Rationale: Price is consolidating above a key support level ($3,000), and technical patterns indicate potential for an upside breakout.
· Key Resistance/Target Levels:
· $3,240: Immediate resistance that needs to be broken.
· $3,400-$3,550: Short-term target range favored by analysts.
· Above $3,600: More optimistic extended target.
· Supporting Factors: Institutional buying on dips, ETH supply on exchanges at a historical low (around 9%), which could lead to a supply squeeze.

🟢 Bearish Viewpoint ( Potential Downside Risks )

· Main Rationale: Ongoing net outflows from US spot ETFs put direct pressure on price; losing key technical support levels could trigger further declines.
· Key Support/Target Levels:
· $2,950-$3,000: Primary psychological and technical support range to watch; falling below may signal weakness.
· $2,800-$2,650: Key downside support areas identified by multiple analyses.
· Around $2,686: Some analysts see this as a short-term downside risk trigger.
· Risk Factors: Market sentiment was previously in an “extreme fear” state; ETF outflow data presents real selling pressure.

Comprehensive Trading Strategy Reference

· Bullish Strategy: Breakout Buying
· Entry: Wait for price to confirm a breakout above the immediate resistance at $3,240. Consider entering on a minor pullback after the breakout is confirmed.
· Target: Aim for the short-term target range of $3,400 - $3,550.
· Exit/Stop Loss: If the price fails to hold above $3,240 or reverses downward, consider exiting. Stop loss can be set below $3,100 or $2,950.

· Bearish Strategy: Breakdown Shorting
· Entry: Monitor the battle for the $3,000 level; if a breakdown below the $2,950 - $3,000 support area is confirmed, it may signal a weakening trend.
· Target: Look towards the key downside support zone at $2,800 - $2,650.
· Exit/Stop Loss: If price quickly recovers above the $3,000 mark, the short strategy may be invalid and a timely stop loss is recommended. #十二月行情展望