12.8 Ethereum Morning Market Interpretation: 3150 Strong Resistance Under Pressure, Weakness Difficult to Change After Plunge
In the early morning, Ethereum surged to the key resistance level of 3150 but faced strong resistance and fell back. After the upward momentum came to an abrupt halt, the price quickly plunged, dropping from a high of around 3150 to near 3050. The daily chart recorded a prominent long upper shadow, indicating that this is not an ordinary pullback, but a clear signal of super strong selling pressure in the 3150 area, forming a definite "bull trap".
The bulls' previous efforts to rally have been completely in vain, not only fully giving back the gains but also directly breaking through the critical support level of 3080-3090. The market's selling wave has concentrated its release, and the technical structure has instantaneously switched from the previous "offensive posture" to "weak defense", with short-term upward momentum significantly weakened.
Operational Suggestions
Short positions can be arranged in the 3050-3080 range, with lower targets looking towards the 2980 area. $ETH $BTC $BNB #ETH走势分析 #美联储重启降息步伐 #美联储降息预期升温
