#数字资产市场洞察 Ethereum December 19 Morning Technical Analysis

From the intraday chart, Ethereum's performance this morning is quite promising—initially dipping to a low of 2772.97, then rebounding sharply, and quickly surging to 2840.40. It has now retraced to around 2834.99. During the entire rebound, trading volume has significantly increased, and buying momentum is quite strong. This pattern shows more resilience compared to Bitcoin's performance over the same period.

In terms of market details, the price has broken through the high-density zone of the previous consolidation range. The support level is now at 2800-2815, while the resistance to watch is at 2840. From the candlestick patterns, there are no particularly obvious signs of resistance yet.

Combining volume and candlestick analysis, Ethereum is experiencing a strong rebound after being oversold—after the morning dip, several bullish candles appeared consecutively. Breaking through the key resistance at 2830 has clearly boosted market buying enthusiasm. Currently, the rebound energy after overselling has not been fully exhausted.

**Market Outlook**

Today is likely to see a relatively strong sideways upward movement. If Ethereum can hold above 2840, the next target is to push towards the 2890-2900 zone. Conversely, if it encounters resistance around 2840 and pulls back, it will likely consolidate between 2815 and 2840.

**Trading Strategy Reference**

Long positions: Consider entering long when the price retraces to the 2815-2820 range. The first target is 2840-2850. If it breaks through, look towards 2890. Set stop-loss below 2800.

Short positions: Wait for a clear sign of resistance during the rebound at 2840-2850 (such as bearish engulfing or shooting star patterns) before considering a small short. Downside targets are at 2820, 2810, and 2780. Stop-loss should be placed after the price stabilizes above 2860.

$ETH