12.29 Ethereum (ETH) outlook: Although Ethereum's volatility isn't as large as Bitcoin's, its movement is more solid. Focus on the 2950-2940 support level. If this area holds, we can continue to watch for a rebound. If it breaks below and cannot recover back above the 2950-2940 range, the bullish upward trend during the daytime will be invalidated, and it will return to a sluggish trend. As long as it stabilizes above 2950-2940, we can look for a rebound; otherwise, we should watch for a decline.