$ETH 12.18 Concubine's Thoughts
From a peak of 3177, it plummeted to a new low of 2789, with a rebound only reaching 2835, which is a technical weak rebound after an excessive decline, failing to break through any key resistance levels, further strengthening the overall bearish trend;
MA144 and MA169 moving averages form strong resistance above the current price and continue to turn downwards, the rebound candlestick body is extremely small, and the bullish support is almost exhausted;
Near 2789, there are only a very small amount of bottom-fishing funds triggering a slight rebound, and the selling pressure above 2900 remains dense, with no large-scale bullish funds entering the market, and market bearish sentiment reaching a short-term high point.
Operational suggestion: Short near 2880-2930, target: 2780, 2730
