ETH at this point in time on December 30th shows obvious downward pressure from a technical perspective.

Looking at this wave of market movement, Ethereum's contract data reflects cautiousness among market participants. In the short term, bullish momentum has weakened, and bearish forces are gradually accumulating. From the perspective of candlestick patterns and trading volume, this decline is not a false alarm but has a certain degree of certainty.

For contract traders, there are two key areas to focus on: first, the breach of support levels below; second, the resistance during rebounds. As the second-largest public chain, Ethereum's price fluctuations often influence overall market sentiment. The current adjustment may just be the beginning of a larger-scale correction, so vigilance is required.