On December 5, 2025, Ethereum showed signs of oscillation after an oversold recovery. Although it regained some lost ground, it was still suppressed by a key range. The detailed technical analysis from Wan Laoda is as follows:

1. Price and Trend Performance: On that day, during the daytime, Ethereum rebounded to around 3150, recovering most of the losses caused by the shock from the US initial jobless claims data. Previously, it surged to 3240 but then fell due to selling pressure, spiking down to around 3064. A long lower shadow was formed on the daily chart, reflecting aggressive buying at lower levels. However, after rebounding to around 3150, the pace slowed down.

2. Key Support and Resistance: For resistance, short-term pressure is concentrated in the 3180-3220 range, with strong resistance near yesterday's high at 3240. This level also overlaps with previous selling pressure, making it difficult to break through. For support, the 3100 level is a short-term sentiment support point, and the intraday low of 3064 is a recent key defense level. If this is breached, it is highly likely to trigger another pullback.

3. Technical Indicators and Patterns: On the hourly chart, the RSI has rebounded from the oversold area of 35 to the neutral zone of 55, indicating that the oversold recovery is complete. In addition, a W-bottom pattern has formed at the bottom. If Ethereum can stabilize in the 3150–3220 oscillation range and break through the 3240 high, bullish confidence can be rebuilt. Otherwise, oscillation or another pullback may continue. $ETH ‌