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📣Detailed analysis of Ethereum trend and operation suggestions sharing on the evening of 12/21:
During the day, there is basically no significant fluctuation. In the evening, after a trend correction back to around 2940, it just touches the four small mid-tracks and then rebounds. From the trend perspective, a short-term correction may still occur.
From the four-hour Ethereum price trend analysis, the recent candlestick chart shows a fluctuating downward trend, with the price gradually retreating from the high of 3020 on December 19 to the current 2968.51. There is a long upper shadow (like on December 19), indicating significant selling pressure above. In the 4-hour MACD cycle, the DIF and DEA golden cross has occurred, but the red bars are shortening, indicating weakening momentum; the daily MACD remains below the zero axis, with bears in control. The 4-hour RSI value is 50.60, situated in the neutral zone, not entering overbought or oversold territory; the daily RSI appears slightly weak, with limited rebound strength. The 4-hour EMA7, EMA30, and EMA120 have formed a consolidation state, indicating unclear short-term direction; the daily EMA moving average system shows a bearish arrangement, overall leaning weak. The daily trading volume has significantly shrunk since December 19, with decreased market activity. In the 4-hour cycle, trading volume fluctuates little, lacking strong driving force.
Ethereum operation suggestions share for 12/21:
It is recommended to enter long positions with Ethereum on a pullback to around 2930-2940, target levels: 2980-3020-3050.
Strategies are time-sensitive, and the implementation of strategies is mainly based on free guidance! $BTC $ETH