On December 7, 2025, ETH is exhibiting a narrow-range oscillation pattern under bearish reversal signals, with short-term momentum weakening and the risk of a pullback rising. The core technical analysis is as follows:

1. Price and Key Levels: The current price is around $3,050, in a consolidation phase. Short-term key support is focused on the $3,025 - $3,040 range, which has been tested multiple times on the 2-hour chart and has formed support. A stronger support lies below at $2,850 - $2,900, which corresponds to the recent trend line and key on-chain cost area. On the upside, initial resistance is at $3,070, with further key resistance concentrated at $3,150 - $3,200. Only a breakout above this range would open up the possibility to challenge the $3,400 - $3,500 area.

2. Candlestick and Moving Average Patterns: On the daily chart, a bearish evening star pattern has formed, and the price has failed to break above the previous high of $3,069, indicating a potential reversal and decline. Although short-term EMA moving averages provide some support, the price has not yet escaped the weakness following the previous downtrend and remains within a consolidation adjustment range.

3. Technical Indicators and Market Sentiment: On the 2-hour timeframe, the MACD shows signs of a golden cross, but the overall trend remains weak, making a strong rebound difficult. The current Fear and Greed Index is at a low level, institutional capital outflows persist, investor confidence is weak, and there is intense long-short competition in the perpetual contracts market. Before a clear direction emerges, the market is characterized by strong wait-and-see sentiment. #成长值抽奖赢iPhone17和周边 $ETH ‌