#ETH走势分析 Morning Ethereum Market Watch on December 9

Looking at the 1-hour ETH candlestick chart, there’s a clear pattern: after an oversold rebound, it’s now in a consolidation phase. Bulls are showing signs of recovery, but the real upward momentum hasn’t been fully unleashed yet.

Let’s review the specific movements: previously, it peaked at 3179, then quickly dropped to bottom out at 3066, followed by a V-shaped rebound. During the rebound, bullish candles dominated, indicating buying power entering the market. However, after a certain point, the price started consolidating with small bullish and bearish candles, reflecting a slowdown in the short-term pace as the market hasn’t decided on a direction yet.

Looking at the Bollinger Bands, the price is currently stuck below the middle band at 3128, with resistance above at 3162 and support below at 3094. This is a typical post-rebound range-bound situation—if it can hold above the middle band, there may be more room for a rebound.

The KDJ indicator is also interesting: it quickly pulled up from oversold territory and is now slightly bullish in the neutral zone. The J line hasn’t reached overbought yet, suggesting there’s still room for upward correction, but be wary of a reversal trap. The MACD histogram is still green but narrowing, indicating bearish momentum is rapidly weakening and bulls are slowly gaining ground. If a golden cross appears, the rebound signal will be even stronger.

Trading strategy: If the price holds above 3128, there’s a high chance it will rebound to the 3160-3180 range; if it loses the 3100 support, watch out for a pullback to the 3090-3070 range.

Trading suggestion: If it rebounds to around 3150-3190, consider a small long position, targeting the 3080-3040 range.

$ETH