#ETH Analysis: ETH fell from the highest point of this round, $4108. Also due to the negative impact of the Fed's hawkish statement last week and the reduction in the number of future interest rate cuts, it fell to around $3100. On the evening of December 20, the PCE index announced by the United States fell to a five-month low. The reduction in the price index, which measures the inflation level, will affect the Fed's future interest rate policy. It may be loose, which is bearish for the US dollar and bullish for dollar-denominated assets such as gold, US stocks and the crypto market #BTC . The market also had an immediate reaction and rose. After ETH rebounded to around $3554.4, it fell back and rebounded for the second time, and was in a short-term oscillation. The upper short-term resistance reference is $3555 and $3720. If it is blocked and pulled back, the lower support reference is around $3217 and $3100. These technical positions are also roughly near the main pending orders.

#山寨币热点 Analysis: In the past week, the overall decline of altcoins around December 20 was relatively large, but the performance was more differentiated. Weak altcoins have fallen to the level of the day of the US presidential election in November, while strong altcoins are normal corrections and have ushered in a large rebound in the near future. The Virtuals Protocol ecosystem, Pump.fun ecosystem and AI Agent Launchpad have relatively high growth rates. Many related concept tokens have increased significantly, and there are also currencies that have doubled.

#期权 Market: After the market experienced a wash last week, the spot price maintained horizontal fluctuations. This Friday, nearly $20 billion of Bitcoin and Ethereum options will expire, accounting for nearly half of Deribit's total holdings. The expiration of options may trigger a volatility sell-off at the end of the quarter, especially when the spot price is sideways and sellers continue to roll short positions. If BTC breaks through $100,000, volatility may remain stable, otherwise altcoins may have a chance to catch up. Although the European and American markets are closed for the Christmas holidays, the crypto market has seen a significant rise driven by Bitcoin. Due to the poor market liquidity from the Christmas holidays to the end of the year, the power required for price fluctuations is relatively small. In terms of options, the short-term implied volatility (IV) has dropped compared to the previous day, and the market maker's position transfer is nearing the end. It is expected that IV will remain stable before the end of the year. Currently, the biggest option pain point for Bitcoin is $84,000, and that for Ethereum is $3,000. These annual biggest pain points may become invalid as in previous years.