Based on information from multiple market and analysis platforms as of December 18, 2025, Ethereum (ETH) contract trading is currently oscillating around a critical range. Here are the key price levels to watch today:

📊 Today's Core Range Analysis

· Core Range: $2,800 - $3,000
· Key Resistance Above: $3,000 - $3,050 (Short-term trend boundary)
· Key Support Below: $2,801 - $2,823 (Important demand zone; a break below could amplify the decline)
· Extended Resistance: $3,154 - $3,179 (Dense supply zone; strong rebound may encounter resistance here)
· Deep Support: $2,617 (If key support is broken, testing this level is possible)

🔍 Detailed Explanation of Key Levels and Market Logic

The current market structure is the result of a standoff between bulls and bears within a narrow range:

· Core Support ($2,800-$2,823): This is the market’s “bottom line.” On-chain data shows a large number of investors buying in this zone. If the price is supported here, it may remain volatile or attempt a rebound. If the daily closing price **effectively breaks below $2,801**, it could open the path toward $2,617.
· Core Resistance ($3,000-$3,050): This is the “ceiling” of current market sentiment. Ethereum has been repeatedly blocked at this level, which is formed by important moving averages. A confirmed breakout and stabilization above $3,050 could signal a short-term trend reversal and further upward movement.

⚠️ Current Market Context and Risk Reminder

You need to understand that the market is in a highly sensitive state:

1. Extremely Volatile: Recently, the market has frequently experienced “long and short traps,” with sharp intraday rises and falls that clear stop-loss orders. Near key levels, beware of the risk of rapid false breakouts (false spikes).
2. Directional Decision Imminent: Multiple analyses indicate that Ethereum’s price is in a narrowing triangle or range, with declining volume, suggesting an imminent directional move that could produce significant one-sided volatility.
3. Contradictory Technical Indicators: Although the price appears weak, some momentum indicators (like RSI) are showing hidden bullish divergence, implying that downside momentum may be waning, which could set the stage for a rebound. However, overall trend indicators (like MACD) still lean bearish.

In summary, today’s focus for Ethereum contracts is whether support can be maintained in the $2,800-$2,823 zone and the resistance faced at $3,000-$3,050 during a rebound. Until the direction becomes clear, the market may continue to oscillate within this range.