12.11 ETH Afternoon Trend

I. Core Logical Support (Hard Anchor Points, No Roundabout)

1. Institutional Funds Support: On 12.10, ETH spot ETF net inflow was 57.58 million, with BlackRock alone inflowing 56.45 million, indicating a clear institutional bottom-fishing signal;
2. On-chain Supply Tightening: Staking amount reached 36.8 million tokens (30.4% of total supply), whales accumulated 385,000 tokens in 10 days, reducing circulation and supporting the price;
3. Macro Positive Factors: The Federal Reserve cut interest rates by 25 basis points, risk assets gained funding favor, ETH, as a mainstream coin, benefits;
4. Short-term Balancing Factors: Weakness in BTC drags down sentiment, whales like Huang Licheng liquidated longs at a price of 3193.9, close to current price with potential liquidation risk, RSI6 is only 35.12 indicating bearish sentiment.

II. Trend Qualitative: Volatile Slightly Bullish, Weak Rebound Difficult to Break Strong Resistance

The current price at 3200 is within the key support zone of 3180-3220. ETF funds + staking contraction provide bottom support. The afternoon is highly likely to maintain "narrow oscillation + weak rebound," avoiding a one-sided decline; however, the strong resistance zone above 3370-3660, RSI has not broken 50, lacking volume-driven momentum, making it difficult to sharply rise and break through 3320.

III. Practical Trading Goals (Precise to specific levels, directly executable)

1. Entry Timing

- Long Positions: Enter with small size in the 3190-3210 range (position ≤ 20%), provided that 1-hour trading volume increases by ≥20%;
- Observation: If support at 3180 breaks, immediately abandon entry and wait for stabilization around 3120.