12-04 Midnight ETH Trading Strategy: Consolidation and Accumulation Await Breakout, Key Range Anchors for Bulls and Bears

ETH is currently fluctuating around 3070, posting a 2.56% gain for the day. Yesterday’s price action exhibited a strong “rally-pullback-stabilization” consolidation pattern—during the day, it surged to a high of 3145 before retreating under pressure, and in the evening, it found strong support at 3050. The current trend remains bullish and consolidative, but there are clear signs of momentum contraction in the short term.

Technical In-Depth Analysis

Bollinger Bands: The upper band at 3103, middle band at 3037, and lower band at 2971 form the current consolidation framework. The candlesticks are consistently hovering between the middle and upper bands, and the slight narrowing of the bands signals a short-term “accumulation phase.” The 3100-3115 range is a key resistance zone and the main battleground for bulls and bears: a breakout and sustained hold above this level would form a “consolidation breakout” pattern, with upside targets at the previous highs of 3140-3150; repeated failed attempts may trigger a pullback to test support at the middle band (3037).
MACD Indicator: DIF and DEA above the zero line are showing a slight divergence, with the red bars gradually shortening, indicating a weakening of bullish momentum, though no clear bearish signal has emerged. This “strong but not overheated” posture suggests a healthy technical correction rather than a trend reversal. Going forward, watch for whether the red bars expand again or green bars appear to confirm the next directional move.

Midnight Precision Trading Plan (Trend First, Risk Control Paramount)

Bullish Plan (Follow the Trend, Buy the Dip)

Entry Timing: Enter on a pullback to the 3035-3050 range, and upon the appearance of a stabilization candlestick pattern (e.g., bullish engulfing, hammer)
Targets: First target 3095-3100 (near upper band resistance), second target 3120-3125 (secondary high below the previous 3145 peak)
Risk Control: Exit unconditionally if price breaks below the 3000 key level, or stop loss at 3015 (choose based on your risk tolerance) to avoid deep drawdown

Bearish Plan (Counter-Trend, Short at Resistance)

Entry Timing: Light position entry if price rebounds to 3100-3125 resistance area and shows signs of rejection (e.g., bearish engulfing, shooting star)
Targets: First target 3050-3040 (middle band support), second target 3030-3020 (deeper pullback)
Risk Control: Immediately stop loss and exit if price breaks above the 3150 previous high, to avoid being caught in a continued uptrend

Core Viewpoints and Trading Reminders

The current ETH consolidation is essentially a “momentum buildup” by bulls ahead of the 3100 resistance. The trend is intact but momentum needs to recover. Abandon “chasing rallies or panic selling,” and instead focus on “range anchoring.” Bulls should patiently wait for confirmation at support levels. Bears can only speculate on short-term pullbacks at resistance, and must strictly control position size (recommended not to exceed 10%).

The key variable for the midnight session is whether the 3100 level can be broken with strong volume: if so, a new upward leg will begin; if persistent rejection occurs, be alert for a pullback to the 3037 middle band. Whether bullish or bearish, strict stop loss discipline is essential to avoid amplified losses from greed or wishful thinking in a choppy market. Closely monitor real-time volume changes and follow the trend—this is the way to survive in a consolidating market.