12.1$ETH Thought Process

The bearish trend continues. On the four-hour chart, two consecutive solid bearish candles have established a strong foundation for the decline. Technical pullbacks during this period have been quickly engulfed, indicating that the bears completely dominate the market. At the same time, the moving average system is sharply diverging downward, and key support levels continue to decline, further consolidating the current downward trend.

Suggestion: Short near 2880-2900, target 2800-2700