📣 Detailed analysis and trading suggestions for Ethereum on 12/16:
As shown in the four-hour trend chart, the current Ethereum trend is gradually evolving from an upward channel to a downward channel, and the current trend may retrace to touch the previous low point around 2720.
From the four-hour Ethereum price trend analysis, in the recent 4-hour cycle, the price has gradually rebounded from the low point of 2920 to 2954, forming a small upward candlestick; however, it is still in a downward trend overall, with three consecutive days of bearish closing on the daily chart. Moreover, yesterday's lowest price of 2876 is close to the previous support area, indicating a potential short-term rebound demand. The MACD on the 4-hour cycle shows a continuous negative value in the histogram, with the fast and slow lines operating below the zero axis, indicating that bearish strength is dominant but has weakened. The RSI on the 4-hour cycle is 36.15, not yet in the oversold range but leaning towards weakness; the daily RSI value is relatively low, indicating weak market sentiment. The current price is below EMA7 (2978) and EMA30 (3075), and short-term moving average suppression is significant. EMA120 (3102) is far from the current price, and the long-term trend remains bearish. The 4-hour trading volume is 43506, which has decreased compared to previous high-volume periods, indicating a temporary stalemate between bulls and bears. The daily trading volume is 159353, significantly lower than the high trading volume during the recent crash, indicating a decrease in market activity.
Ethereum trading suggestions for 12/16:
It is recommended to enter short positions when Ethereum rebounds to the range of 2960-2980, with target points: 2920-2880-2840. If it breaks below 2800, the target will be the previous low point near 2720.
If the trend continues to rebound, it is recommended to add positions near 3030, with target points: 2970-2920!
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