The Gulf Stream on the Square | 2025.12.18

Yesterday, Ethereum surged to $3030 and then quickly retreated, falling below $2800. This is not a trend reversal but a typical "breakout retest confirming resistance" pattern. The rebound high just touched the broken strong resistance zone at $3000, and the subsequent decline indicates that the bearish forces still dominate. External factors such as the Yen rate hike have intensified market risk aversion, coupled with year-end liquidity tightening, jointly driving this round of accelerated decline.

Gulf Stream Viewpoint
The current market is in a bottom-finding stage under a bearish trend. Yesterday's rebound was a technical confirmation of the breakout, not a reversal signal. The key moving forward is whether the $2,870 support can hold effectively. If clear reversal candlestick patterns and increased volume appear in this area, a technical rebound may occur; otherwise, a volume-driven breakdown could test $2,700 or even lower. In terms of operation, patience should be maintained, avoiding left-side entries, and waiting for clear signs of stabilization from the market itself. $ETH ‌#ETH走势分析