12.9 Tuesday Morning ETH Analysis

ETH's false breakdown has resulted in a exhaustion of rebound momentum, with a clear short-term adjustment trend. After rebounding from the low of 3066, the price at the 4-hour level failed to break through the previous high of 3179.99, consecutively closing with a series of high then low candlesticks, with significant pressure from the upper Bollinger band; after the false breakdown, bullish follow-up is weak, and the solidity of the 3100 support is questionable, making it likely that the pullback will continue.

Operational Suggestions

Short Position Layout: Lightly short in the 3150-3180 range, with a stop loss above 3200, aiming successively for 3050, 3000$ETH #ETH走势分析