$ETH 12.11 Morning Yi Tai Thoughts
Although the mid-term upward trend was once solid, the recent pullback has expanded, and the rebound is weak. The previously reasonable correction range has been broken, and the support at the core level has weakened. In the short term, it deviates from the upward rhythm;
After a period of sideways fluctuation, there has been a significant drop. The K-line entity continues to expand, which is not a healthy turnover but a signal of profit-taking by bulls and increasing dominance of bears;
The price has broken below the short-term moving average support, and the previous upward momentum has quickly decayed. There have been no effective signs of stabilization during the pullback, and short-term pressure characteristics are clear.
Operation suggestion: Short near 3300-3350, target: 3200, 3150
