12.24 Wednesday midday market analysis. Observing from the daily chart level.

The price maintains a downward consolidation pattern, but the long upper and lower shadow bearish candlestick formed yesterday indicates exceptionally fierce competition between bulls and bears—while bears have the advantage at the close, there is both buying pressure at lower levels and selling pressure at higher levels. Technical indicators present conflicting signals: the MACD double lines are gradually converging towards the zero line, suggesting that the downward momentum may slow, indicating the possibility of a phase of stabilization; however, the EMA7 and EMA30 continue to diverge downward, indicating that the medium to short-term trend structure remains bearish, which suppresses rebounds. The RSI is around 40 in a neutral but weak area and has not yet entered the oversold region, suggesting that the downward space may not be fully released. ETH trading suggestion: Short at 2950-2980 with a take profit at 2910-2850, watch for a breakdown at 2790, and stop loss above 3030.