· ETH Evening Confrontation: Major Downtrend, Small Cycle Calls for "Rebound". Who Will Win at the 2980 Level?

Ethereum's price action tonight (December 24) is expected to show a weak oscillation after being oversold, with a possible attempt at a technical rebound, but overall still constrained by the large-scale bearish trend.
Core Signals and Key Price Levels
· 15-Minute Chart Technical Signals: Previous analysis indicated that this cycle chart showed a "MACD golden cross below the zero line" and a divergence in the KDJ indicator from severe overbought conditions, forming a typical "small cycle bottom divergence," suggesting a short-term technical rebound correction is needed.
· Evening Key Resistance and Support:
· Resistance above: The first resistance during the rebound is around 2940-2950. Stronger resistance is at the 2980-3000 level, where the 1-hour moving averages and psychological levels converge.
· Support below: The near-term support is at the current platform of 2915-2920. Critical psychological and technical support is at 2900; if broken, it could open the way to 2880 or even lower supports.
Comprehensive Judgment and Trading Strategy
The current market is in a contradiction between the large-scale bearish trend and the hourly oversold rebound demand. Therefore, a more rational strategy tonight is:
1. Main approach (follow the big trend): patiently wait for the price to rebound to the strong resistance zone of 2970-3000, observe whether there are signs of stagnation (such as long upper shadows), then consider trend-following short positions.
2. Secondary approach (counter small rebound): if the price stabilizes around 2920 or 2910, and the MACD momentum on the 15-minute chart turns stronger again, aggressive traders can try a small position to catch the rebound, targeting 2940-2950. This operation must strictly set stop-losses (below 2895) and exit quickly.