Ethereum has entered a downward trend on the daily chart. Among mainstream cryptocurrencies, Ethereum is the strongest. Currently, there are resistance levels at the 60-day and 120-day moving averages. Last night, after touching the 60-day moving average, it sharply pulled back over 200 points. Short-term support is at 3165, daily support at 3000, with resistance levels at 3400 and 3650. Even though there was a rapid decline last night, Ethereum's overall trend remains strong. A strategy of going long on Ethereum and shorting Bitcoin for hedging can be considered #加密市场反弹
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WhatABigDrum!
· 2025-12-11 21:12
ETH
Short position near 3092-3072
Resistance around 3338 for shorting
btc
Rebound resistance around 91800-92200 for shorting
Stop loss for ETH 30 points. BTC 500 points
Ethereum has entered a downward trend on the daily chart. Among mainstream cryptocurrencies, Ethereum is the strongest. Currently, there are resistance levels at the 60-day and 120-day moving averages. Last night, after touching the 60-day moving average, it sharply pulled back over 200 points. Short-term support is at 3165, daily support at 3000, with resistance levels at 3400 and 3650. Even though there was a rapid decline last night, Ethereum's overall trend remains strong. A strategy of going long on Ethereum and shorting Bitcoin for hedging can be considered #加密市场反弹