ETH small-scale W-bottom rebound followed by a volume-adjusted pullback, currently overall in the middle of a large range oscillation box, with an equal chance on both sides. Currently, there is a nested pattern at both small and large levels.
Expected trend projection before New Year's Day, using 3550 as the boundary for resistance and support switching. If it breaks above and retests, then the ascending triangle pattern is established, and we look for a reversal thereafter. The inverse trend is similar to BTC, experiencing a C-wave decline, with a pullback depth roughly between the important thresholds of 3000-2800, which is also a crucial resistance and support switching position in this bull market.
The above is based on the premise of a rebound expectation. If the U.S. stock market continues to decline next week, it will form a 4-hour level triangle continuation pattern, continuing to explore downwards.
Several positions to pay attention to
Support Position
First Position 3342-3328
Second Position 3286
Third Position 3252
Resistance Position
First Position 3466
Second Position 3497
Third Position 3550