2025-12-25 04:25:41

Let's review the morning ETH market trend. Currently, Ethereum is under the pressure of an upward trendline, oscillating within a narrow range. The 2993 level resonates with the upward trendline, becoming a recent key resistance; the support at 2905 has been confirmed multiple times and shows no signs of breaking.

Traders without positions can consider entering with a small position, engaging in intra-day buy low and sell high to make quick trades.

Short-selling plan: Open a small short position at 2993 from the left side, add to the position at 3060, set the stop at 3146, and target the 2905 and 2830 levels. Long position plan: Open a small long at 2905, add at 2833, set the stop at 2738, and target 2967 and 3009; the final position can try at 3057.

After entering the market, closely monitor your position and adjust take-profit and stop-loss levels in real-time according to the market conditions. This is a technical analysis based on the current market situation for reference only and does not constitute trading advice.

ETH0.26%

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NFTragedy

· 15h ago

2993 this position is really hard to hit, it feels like I have to confirm multiple times.

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PanicSeller69

· 15h ago

It's the same old story of 2993 suppression again. Why do I feel like it's repeating every day?

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FOMOSapien

· 15h ago

Breaking through this barrier at 2993 is really difficult; it feels like I need to keep trying repeatedly for a while.

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GhostAddressMiner

· 15h ago

When will the wall at 2993 finally break through? Always dancing here every day. Is the sleeping wallet active again? Need to check what on-chain fund flows are saying. This wave of volatility is full of retail stop-loss orders; the fund transfer trajectory is too obvious. Whether the 2905 defense line is solid or not depends on how large addresses move; they are the real indicators. Are all the T traders trapped? Don’t believe it? Check the on-chain footprints. It seems the original addresses are accumulating; this signal should be alerting. It's the old routine of opening with a small position; every time, it's the same cut.

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