$ETH 12.11 Midday Auntie's Thoughts
The 4-hour price cycle has broken below the middle of the Bollinger Bands and continues to run below it, further establishing a weak mid-term trend. The market shows a weak downward trend with volatility, and there is insufficient momentum for a bullish counterattack;
After a large bearish candlestick, the rebound strength is extremely weak, and no effective stabilization candlestick patterns have appeared. During the rebound process, trading volume continues to shrink, confirming that subsequent upward momentum is limited;
The price has broken below the support of the MA144/MA169 moving averages, forming downward pressure in the moving average system, and there are signs of expansion in the Bollinger Band opening, with significant characteristics of bearish dominance.
Action Suggestion: Short near 3250-3280, target: 3150, 3100
