$ETH Morning Market Analysis:
Due to the decrease in liquidity caused by the Christmas holiday, the overall trading in the crypto market is light, and price fluctuations are amplified. Currently, BTC and ETH are both in a short-term bearish dominant pattern, with multiple technical indicators continuously suppressed by the Bollinger middle band. The rebound momentum has significantly weakened, and there are no trend reversal signals at this time; the main strategy for the day is to go short in line with the trend.
#ETH The current price is fluctuating around 2950. Yesterday's high reached 2987, while the low was 2889, showing an overall trend that remains in sync with BTC, presenting characteristics of "rebound meets resistance, weak consolidation."
The 4-hour level Bollinger middle band constitutes obvious suppression, and the daily MACD death cross pattern continues, with a dense position at the 3000 integer level, making it difficult to break through the rebound.
In terms of operation, it is recommended to short on rallies in the 2960-2980 area, targeting the 2900-2880 range, with a stop loss set above 3005, controlling positions and strictly following discipline.
🎄 Merry Christmas
$SOL $PIPPIN
