December 16th Ethereum Early Market Analysis Long Entry Point 1: Around 2920, near the previous low of 2920, forming a support zone. The round number level also provides some buying support. Long Entry Point 2: Around 2890, currently a potential larger-scale retracement target, moving closer to a strong support zone below. Long Stop Loss Point: 2870. If it breaks below the psychological round number level of 2850, it will confirm a weak trend, and a stop loss should be executed promptly. Short Entry Point 1: Around 3050, near the EMA30 resistance level and the recent rebound high. Profit-taking by bulls may intensify selling pressure. Short Entry Point 2: Around 3080, further upward movement will approach the psychological round number level of 3100. This level is unlikely to break through in one attempt and can serve as a better second sell point. Short Stop Loss Point: Above 3200. If it surpasses 3100 and stabilizes, it indicates that the short-term trend is turning upward again.