12/16 ETH Early Morning Operation Analysis
On Monday, ETH lost momentum after reaching 3170, falling back in sync with BTC, clearly dominated by bears. The market shows that bulls are unable to sustain upward attacks, and any rebound presents an opportunity to position for short trades; it is essential to respect the downward trend and avoid counter-trend operations.
Operation Suggestion: Focus on shorting at highs.
Position for short trades in the 2970-3000 range.
Target looks at 2880-2900. $ETH
