12.12 ETH BTC Market Insights
Today, let's discuss the market with the brothers.
Ethereum had previously broken through 3400, but after a high, it did not re-establish itself in a strong zone. Instead, it has been oscillating continuously in the 3350—3250 area, with momentum clearly weaker than in the previous days. After a series of upward pushes, the bulls are showing signs of fatigue, and today the overall market remained slightly weak with a rebound.
Especially after midnight, Ethereum attempted to break above 3300, but the volume couldn't keep up. Each time the price approached the upper resistance, it was quickly pushed back down, indicating that currently, short-term funds in the market are more inclined to exit at high levels rather than chase the rise. This kind of structure generally means: high resistance.
Looking at the ETH/BTC ratio, it has also started to retreat from its high, indicating that Ethereum's independent strength is weakening, while Bitcoin's pressure is coming back, which is very unfavorable for ETH's short-term upward attack.
At the same time, the short-term bear liquidation zone above has been partially triggered, but it hasn't generated new momentum, indicating that the bulls clearly lack the strength to continue attacking upwards #ETH .
So today's intraday strategy is very clear:
Focus on shorting during rebounds at high levels.
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✨ Intraday ETH Trading Direction (mainly bearish)
Entry Range: Prioritize short positions on rebounds around 3300—3320.
This range is the resistance zone that has been difficult to surpass multiple times today and is also a previous emotional realization area.
→ When reaching here, bulls will generally reduce their positions, and bears will actively press down.
✨ Stop Loss: Effective breakthrough above 3400 for exit.
This is the structural point for Ethereum's second strengthening.
Once it stabilizes, it indicates that the bears' rhythm has been disrupted, and the direction needs to be reassessed in the short term.
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✨ Target Reference
1️⃣ First Target: 3180 (current lower boundary)
2️⃣ Second Target: 3060-3080 range (main liquidation area)
As long as the market accelerates to break below 3250, the space below will open up.
→ The area around 3200 is the main realization zone for today's shorts.
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In summary,
Ethereum today exhibits a structure of weak upward movement and a slight weak pullback, with a bearish tone being the main theme.
As long as the rebound reaches 3300—3320, it is an opportunity to participate in short positions.
Breaking below 3250 will continue to release space below.
