$ETH Analysis Update: 2025, 12, 6.
Yesterday's analysis was completely correct. The second pancake had a small rebound at the 3100 support, and then the U.S. stocks continued to fall in the evening session, with a death cross on the 4-hour chart resulting in a drop down to the 3000 support.
So today's outlook is already predominantly bearish. However, the current position is still within the 3000 support range, and given that liquidity won't be very strong on Saturday, this position is likely to consolidate for a while.
Or it may slowly rebound. The upper resistance is seen at 3070.
3070 is blocked. You can continue to watch. The target 1 is 3000. Continue to look at the bearish weekly and monthly lines below.
The bear market has no turn back.
ETHUSDT
Perp
3,248.34
+1.82%
