December 28 ETH Core Conclusion: Narrow fluctuations between $2930-$2990, short-term bias is bearish with no strong trend, mainly trading within high risk-reward zone bands, strictly controlling total position size ≤30%, beware of weekend low liquidity spikes and false breakouts.

1. Key Price Levels (4H/Daily chart, as of December 28 12:00)

• Support: 2930 (4H strong support, tested multiple times), 2900 (psychological threshold), 2880 (stop-loss level), 2850 (strong support)

• Resistance: 2980-2990 (20-day moving average / rebound high), 3000 (round number), 3030 (recent strong resistance)

2. Core Indicators and Patterns

• Trend: 4H ADX<20, oscillating without a strong trend, -DI> +DI, bears slightly favored; daily chart under 20-day moving average pressure, high-level correction continues

• Pattern: 4H bearish descending triangle, upper boundary at 2980-2990 with clear resistance, high probability of downward breakout

• Indicators: MACD positive bars shrinking, momentum weakening; RSI neutral with no obvious divergence; Bollinger Bands narrowing, middle band resistance prominent

• Volume: Weekend liquidity is low, breakout requires volume confirmation, beware of false breakouts with no volume

3. Actionable Strategies (with risk control)

1. Short Strategy (priority, high risk-reward ratio)

◦ Entry: Light short position on rebound to 2970-2985

◦ Stop-loss: 2995 (above 20-day moving average, exit if volume breakout occurs)

◦ Take profit: partial reduction at 2930, second target 2900, break below to 2880

2. Long Strategy (re-enter after stabilization)

◦ Entry: Light long position on pullback to 2930-2940 with stabilization (15-minute bullish close)

◦ Stop-loss: 2920 (abandon if volume breaks down)

◦ Take profit: 2970, break above to 2980, volume increase to target 3000

3. Breakout Strategy

◦ Upward breakout: stabilize above 3000 with volume, chase long, target 3030, stop-loss 2985

◦ Downward breakout: break below 2920 with volume, chase short, target 2880, stop-loss 2935

4. Risk Management and Execution Points

• Single trade size ≤10%, total position ≤30%, avoid leverage or use low leverage

• During low liquidity periods (22:00-4:00 next day), open fewer new positions, existing positions should have stop-loss set in advance

• Breakouts require volume + confirmation of two consecutive 4H candles, avoid chasing or holding unconfirmed positions