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ETH Exclusive Technical Analysis (Short-term): Potential breakout above the neckline of the cup-and-handle pattern + completion of impulse wave 3, support around $2,950, resistance at $3,180

ETH Exclusive Technical Analysis (Short-term): Potential breakout above the neckline of the cup-and-handle pattern + completion of impulse wave 3, support around $2,950, resistance at $3,180

2025-12-29 12:11

ChainThink report: On December 29, AI-powered technical analysis indicates that ETH generated a bullish signal on December 25. The price has now surged into the first resistance zone. The 3030–3080 area represents a dual neckline region combining a rounded bottom and a head-and-shoulders top pattern. Previously acting as support, this level has now transformed into resistance. However, MFI has completed its breakout with strong capital inflows, and MACD has reformed a golden cross with an upward turn. If key support at $2950 can be maintained, there remains potential to complete a daily-level impulse wave three structure, targeting above VAL3180, the upper boundary of the VPVR value zone.

Should $2960 be broken decisively, the bullish signal becomes invalid, confirmed by daily close (AI analysis, not investment advice; validity period: 1–5 days).

ETH Exclusive Technical Analysis (Short-term): Potential breakout above the neckline of the cup-and-handle pattern + completion of impulse wave 3, support around $2,950, resistance at $3,180
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Disclaimer: Contains third-party opinions, does not constitute financial advice

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