Ethereum showed a MACD death cross on the monthly opening line on January 1st, which is a signal worth paying attention to. From the current market situation, several key moving averages are providing support— the 3-day moving average is holding tightly at the 288 level, while the 2-day moving average is under pressure from EMA288, indicating short-term weakness.

However, from a medium-term perspective, the technical indicators on the 2-hour, 3-hour, 4-hour, and 6-hour charts remain relatively strong, with MACD and moving averages staying above the zero line. Although the 1-day chart has not yet formed an effective bottom pattern, yesterday's attempt to break through the 12-hour moving average was unsuccessful.

Key time points to watch are January 5th and December 13th, which require special attention. Resistance levels above are at 3024, 3058, and 3132, while support levels below are at 2949, 2902, and 2885.

The current long-short ratio is 1.79, the panic index is 31, and market sentiment is relatively stable. The usual rules still apply: do not act decisively without a confirmed pattern, and do not open positions without stop-losses.