12.12 Evening Analysis of Two Cakes
ETH is linked to BTC's trend, with around 3250 being a key pressure zone at the weekly level. The continuous shrinkage of trading volume indicates insufficient bullish momentum; combined with the favorable impact of Ethereum's network upgrade, the 'buy the expectation, sell the fact' effect is prominent, and the deep correction window has opened.
Operational Suggestions
Look at 3250-3240, aiming for 2190
Set the stop-loss at 3300 to prevent sudden positive news from pushing prices through the pressure range.
