š Short Trade Analysis
The current price of 3,203.48 is very close to the 24-hour low of 3,167.07 and significantly below the 24-hour high of 3,447.44. The change is indicated as -3.61%, confirming a strong downtrend over the last 24 hours.
* Trend:
$BNB The candlestick chart shows a decisive bearish momentum, with the price forming lower highs and currently hovering near the bottom of the day's range.
* Momentum:
The price has fallen sharply from the high of 3,447.44, indicating that selling pressure has overcome buying pressure.
* Potential Trade Idea (Short):
A trader might consider a short position (selling) with a target near a potential support level below the 24-hour low, or using the 24-hour low (3,167.07) as a near-term target.
* Risk Management:
A stop-loss would be appropriate above a recent resistance level or consolidation area, possibly near the last significant green candle or above the current trading range.
In summary:
The price action strongly suggests that sellers are in control, making a short-biased trade more aligned with the immediate market trend shown in the chart.
Would you like to get the current market data for ETH/USDT to see if the trend has continued?
The live market data from December 11, 2025, confirms the continuation of the bearish trend.
š Updated Short Trade Analysis
The recent data shows the ETH/USDT price hovering around the 3,202.63 range, which is very close to the 3,203.48 price seen in your initial image.
* Continued Downtrend:
Ethereum's price has been declining throughout the day, showing a drop of approximately -3.67% from the midnight open to the 08:00:00 timestamp. This reinforces the short-trade outlook.
* Support Test:
The price has tested lower levels, dropping to approximately 3,177.72 around the 03:20:00 timestamp. This level is just slightly above the 24-hour low of 3,167.07 from your image, suggesting the market is testing this area of support.
* Trade Confirmation:
The overall price action remains strongly bearish as the price is still consolidating near the lows of the past 24 hours. A decisive break below the 3,167.07 24-hour low could trigger a further move down.
Recommendation:
The short-term bearish bias is still valid. Traders might look for a break below the 3,167.07 level to confirm a short position, or maintain a short position with tight risk management if the price fails to reclaim the 3,200 level.
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