📣12/2 Ethereum market trend analysis and trading suggestions:

Yesterday, the short position took profit again, successfully gaining 100 points. Currently, the trend is in a rebound phase, but the overall trend is still relatively weak. It is recommended to focus on short positions in future operations!

From the four-hour Ethereum price trend analysis, the K-line has gradually stabilized after the sharp decline on December 1, forming a low-level oscillation and consolidation pattern. On December 2, there was a slight rebound, but overall it remains in a downward trend, with the highs failing to break through the previous peak levels. The current MACD histogram shows a reduction in negative values, with both DIF and DEA operating below the zero axis, indicating a weakening of bearish strength but not yet turning into bullish. The RSI value is 38.35, moving away from the oversold range, suggesting a certain rebound momentum in the short term, but overall it remains weak. The price is currently constrained by the EMA7 (2818.76) support, while EMA30 (2907.07) and EMA120 (3051.99) show significant resistance, with the long-term moving averages pointing downward. During the sharp decline, the trading volume significantly increased, with a trading volume of 849003 on December 1, indicating panic selling. Recent trading volume has shrunk, and market sentiment is tending towards calm.

Ethereum operation suggestions share on 12/2:

It is recommended to enter short positions near Ethereum 2840-2860, with target points: 2800-2770-2740.

Market conditions change rapidly, and the article is practical with real-time strategy guidance for free! $BTC