#以太坊行情解读 $ETH Ethereum's recent 4-hour trend has been quite interesting. From the low point at 4:00 PM on December 15th, it steadily climbed until 4:00 PM on the 16th, then hit a high at 8:00 PM that evening, followed by a reversal downward, ending with a bearish candle. This kind of resistance at the highs definitely warrants attention.

The trading volume is quite disappointing—it's clearly shrinking over the past few hours. Looking at price and volume together, both buyers and sellers are in a wait-and-see mode, and the market atmosphere feels a bit cold, with both bulls and bears brewing their next moves.

From a technical indicator perspective, the MACD histogram is still in the negative zone, but the bars are gradually getting shorter, indicating that the bearish momentum is weakening. Bulls are starting to show some signs of readiness. The KDJ indicator shows an oversold condition (value only 19), but currently, there's no golden cross or death cross, so the market is still searching for direction.

**Key levels to watch:**

Support: 2872.0 is the recent strong bottom line, with the next support at 2924.11. If you want to short, place your stop-loss at 2909.49.

Resistance: 3190.0 is the current main resistance level, with the overhead high at 3242.59. For short positions, the stop-loss can be set at 3258.8.

The current active trading range is basically oscillating between 2924.11 and 3242.59. Based on the current technical pattern, if Ethereum can hold above 2872 and break through 3190 with increased volume, a new upward move could be on the horizon. Conversely, if it falls below 2872, the bears might continue to push the price lower.

The key now is when trading volume will recover—this is the core factor that will determine the next direction.