2025-12-25 08:28:24

The performance of Ethereum in the past couple of days has indeed been affected by the holiday effect. During Christmas, many institutions in the US were on vacation, leading to a significant tightening of market liquidity. Tomorrow is also Friday, and the weekend is approaching, so short-term volatility should not be too large. The orders caught at low levels last night can be held, and currently, the market still shows a pattern of oscillation and consolidation.

From a technical perspective, the 2975 level remains the most critical resistance line, with support mainly concentrated in the 2910 to 2900 range. Looking at the Bitcoin situation, the liquidation map shows that around 88,800, there are many short liquidation positions stacked, indicating that long positions coming from the bottom still have some support. Those who started building positions at low levels can continue to hold without rushing to exit.

ETH0,76%

BTC1,3%

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TradFiRefugee

· 2025-12-28 07:29

The holiday effect is indeed cutting the leeks this time, liquidity is so poor, my orders are also fluctuating... Wait, has 2975 been broken? It feels like this resistance level can't hold at all. It's indeed better to hold the positions bought at the low point. Anyway, there's not much room for operation over the weekend, so just let it lie. So many short positions and liquidation chips piled up around 88800? That's interesting, it seems like someone is still rallying at the bottom. I just want to ask, can this round really return to 3000, or do we have to squat for another week?

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ZKProofster

· 2025-12-28 07:05

nah, technically speaking the liquidity argument tracks but institutional holidays don't really explain the broader consolidation pattern here... the 2975 resistance is legit though, seen this setup before on vector commitments to support levels. anyway, those longs from the bottom prob fine holding if they've actually done their math on risk/reward, not just copium trading

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NFTDreamer

· 2025-12-25 08:57

I'm tired of the holiday effect explanation. Anyway, the bottom I copied last night is still in the red, so I'll just keep lying here.

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WealthCoffee

· 2025-12-25 08:46

Holidays are quiet, liquidity is tight, this wave really requires patience, don't mess around --- The long positions at the bottom still need to be held, there's a pile of shorts at 88,800, and the support is pretty good --- 2975 resistance level is holding tightly, just stay around 2900-2910 this weekend and don't break it --- The Christmas holiday caused this, institutions over in the US are all resting, no wonder it's so dull --- I'm holding all the low-position orders I took, anyway short-term volatility isn't big, let's wait and see --- Looking at the liquidation map, the bulls coming from the bottom do have some confidence --- The weekend is here, let's just leave it at that, sideways consolidation for a couple of days before deciding --- No rush to exit, the technical support is still there, keep holding

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AirdropHunterZhang