📣12/17 Ethereum Trend Detailed Analysis and Steady Income Strategy Sharing:

Yesterday's short position was perfectly closed with profits. I emphasized yesterday that the current Ethereum trend has shifted from an upward channel to a downward channel. At present, Ethereum's trend remains relatively weak.

Based on the four-hour Ethereum price trend analysis, the recent candlestick prices show a oscillating downward trend. After a sharp decline on December 15, the price continued to retrace, but the rebound was weak. On the daily chart, there are consecutive bearish candles, and within the four-hour cycle, the highs are gradually decreasing while the lows are continuously being refreshed. The MACD is below the zero line, with the histogram indicating increasing bearish momentum. The fast and slow lines continue to diverge downward, suggesting short-term downward pressure. The RSI hovers around 35, not yet in the oversold zone but close, indicating market sentiment is weak and there may be further adjustment space. The EMA7, EMA30, and EMA120 are all in a bearish alignment, and the price is trading below all moving averages, with EMA7 exerting resistance on the current price. The daily trading volume has generally increased, especially during the sharp drop on December 15, which was accompanied by heavy selling. Subsequently, there was a volume decline during the rebound, indicating reduced market participation. The four-hour volume fluctuates significantly, and during the rebound, the volume was insufficient, showing limited buying strength.

📣12/17 Ethereum Trading Strategy Sharing:

It is recommended to short Ethereum on rebounds to the 2930-2950 range, with target levels at 2890-2860-2820, and a target near 2720 if the price breaks below 2800.

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