【December 17th $ETH Daily Trend Analysis】

1. Candlestick Pattern:

- In recent days, the candlestick pattern has shown a fluctuating downward trend, with continuous bearish closes from December 15th to 17th, and prices have retreated from high levels.

- On December 9th, a large bullish candlestick showed a sharp rise, but it gradually corrected afterwards, forming a short-term top.

2. Technical Indicators:

- MACD: Both DIF and DEA are in negative territory, and the MACD histogram shows that bearish strength is dominant, but there has been a recent decrease in volume, which may indicate signs of a rebound.

- RSI: The current value is 40.8, close to the oversold range, indicating weak market sentiment, but it has not fully entered an extreme state.

- EMA: EMA7 (3021.8) and EMA30 (3117.5) as well as EMA120 (3471.3) are all showing a downward divergence, with significant short-term moving average pressure.

3. Trading Volume:

- On December 16th, the trading volume increased to 1019521, accompanied by a price drop, indicating heavy selling pressure.

- On December 17th, trading volume significantly decreased to 228575, with strong market wait-and-see sentiment.

【Trading Points】

- Buy Point One: 2900 (close to the round number, and also near recent lows, which may form support)

- Buy Point Two: 2850 (further diving to a stronger integer support area, and close to the December 15th lowest price of 2906.7)

- Long Stop Loss Point: 2825 (if it falls below Buy Point Two, 25 USDT, confirming the loss of key support)

- Sell Point One: 3000 (round number resistance, and close to EMA7 moving average of 3021.8, which has selling pressure)

- Sell Point Two: 3050 (further rising to a higher round number resistance area, and close to the December 14th opening price of 3112.88)

- Short Stop Loss Point: 3075 (if it breaks above Sell Point Two, 25 USDT, confirming it has stabilized at the resistance level)

Currently, there is a predominant bullish sentiment, and it is advised to enter positions gradually with small amounts.

Currently holding position $RIVER $FOLKS

Focus on #美国非农数据超预期 #BinanceABCs #巨鲸动向 #加密市场观察 #美联储降息