#加密市场回调 The evening rebound looks quite lively, but in fact, it still hasn't broken through that resistance zone.

The core logic of the market recently still focuses on the Federal Reserve's interest rate cut actions in December. Powell has been conservative in his words, but after the non-farm payroll data came out last week, the hawkish tone has clearly softened. The US dollar index turned around from a high position, allowing risk assets to take a breath. The crypto market also rebounded a bit, but don’t celebrate too early – the weak mid-term pattern hasn’t changed at all.

After Ethereum pulled up from the low point of 2620, the daily line is still pressed below the middle track, struggling to breathe. This is more evident at the 4-hour level: the area from 2950 to 3000 has been continuously capped, unable to break through. The volume does not keep up, making the price seem hollow. After the dead cross on the 15-minute chart, it started to fall back, and this rebound feels more like a short covering, with no active buying entering the market.

In simple terms, the current $ETH is just a weak rebound repair trend. The pressure above is too obvious, and blindly chasing highs can easily lead to being hit.

**Key Position:**
Pressure looks at 2950, 3000
Support at 2840, 2760

**Trading Idea:**

A radical approach can be to try short positions around the current price of 2890-2920, targeting the two levels of 2840 and 2780.
If you want to be conservative, wait for the rebound to 2950-3000 before taking action, with targets looking down at 2850 and 2760.

Given the current position, it's not a good time to chase the long. Either wait for a pullback to provide support, or wait for a rebound to provide resistance—being patient is never wrong.