December 24 Market Brief: Ethereum continues the narrow fluctuation in the trading range from yesterday, with a price movement logic highly consistent with Bitcoin.

In the current no-position state, the bullish strategy is laid out as follows: ambush a long position at the price level of 2905 on the left side, with a follow-up addition at 2833, and set the stop-loss at 2738. The upward targets are aimed at 2967 and 3009, with a plan to exit the remaining position near 3057. If the key level of 2993 is breached, add an additional long position in the direction of the trend.

On the flip side, short sellers have the opportunity to set up high shorts around 3060 on the left side, with additional positions at 3146, and a stop-loss set at 3227. The downward targets point to 2980 and 2949, with the remaining position returning to around 2905.

The key to this market trend lies in whether the upper and lower boundaries of the trading range can be effectively突破. A突破 would signal the establishment of a direction. In the short-term oscillating market, the grasp of key support and resistance levels determines the success or failure of trades. Pay more attention to the reactions at these price levels in the coming days, as clearer trading opportunities should be found.

Disclaimer: The above is only a sharing of technical opinions and does not constitute trading advice.