The first day of December has started to fall again. Originally, there was no liquidity, and now it is even more difficult to stop the decline. Many people ask me how much this wave will drop. From a long-term perspective, it is still a downward trend. The downward trend will only turn into an upward trend under the following conditions: 1. A bottom doji with huge volume. 2. A pin bar with double volume pointing downwards. 3. Multiple candlesticks moving along the long-term trend line. 4. The long-term EMA, KDJ, and RSI are all opening upwards. Currently, the entire market does not seem optimistic at all, and the market still needs to continue to fall. There are currently no signs of a bottom rebound. I drew a trend line along the monthly candlestick to see if this monthly trend line can hold. The support level is between 2500-2600. #ETH $ETH
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