📣Detailed analysis and trading suggestions for the Ethereum market trend on 12/23:

Ethereum quickly fell back 100 points after reaching a high, and the market has entered a state of high anxiety, with continuous tug-of-war between bulls and bears testing each other. The overall market during the day is under pressure and running downward, with Ether synchronously declining to a low of around 2945.

From the four-hour Ethereum price trend analysis, the K-line has recently formed a range around 3000, with a long upper shadow appearing on December 22, indicating significant selling pressure at high levels. The closing price on December 23 was lower than the opening price, presenting a bearish candle, suggesting signs of a short-term pullback. In the 4-hour MACD cycle, both DIF and DEA are trending downward, and the MACD histogram is in negative territory, showing that bearish strength is dominant; on the daily level, MACD is gradually weakening, with a bearish trend. The RSI for the 4-hour cycle is at 45.54, not entering the oversold zone, but in a neutral to weak area; on the daily level, RSI has dropped below 50, indicating weakening momentum. In the 4-hour EMA cycle, EMA7 and EMA30 have both crossed downward, with the price breaking below EMA7 support, indicating significant short-term pressure; on the daily level, EMA120 remains upward, but EMA7 and EMA30 are tending towards a death cross, indicating an overall weakening trend. Recently, trading volume has increased, especially after the surge on December 22 accompanied by a large amount of selling, showing that market sentiment is unstable. On December 23, trading volume decreased, reflecting heightened wait-and-see sentiment from both bulls and bears.

12/23 Ethereum stable yield operation suggestion sharing: ( first short then long)

Short position: It is recommended to enter short near Ethereum 2960-2980, target points: 2920-2880-2850.

Long position suggestion: Recommend entering long positions on Ethereum if it pulls back to around 2850-2870, target points: 2900-2940-2980, and continue to hold long positions if it surpasses 3000!

Strategies are time-sensitive, and the implementation of strategies is primarily based on free guidance! $BTC $ETH #2025Gate年度账单 #加密市场小幅回暖 #Gate社区圣诞氛围感