On December 15th, ETH gives a strong signal! If you don't follow the patterns and set stop losses in time, do you still dare to follow the trend? First, read the content below; it can help you avoid pitfalls at critical moments!

From the weekly chart analysis, there is a hidden market pattern that can basically be confirmed to have formed.

Pull the time frame to the 3-day line; currently, the price is at a low point and a golden cross has appeared. Now we just need to see if the 2-day line can also form a similar hidden pattern.

Narrowing the time frame further, on the 8-hour level, the ETH price has not broken through the MACD indicator; on the 1-hour level, there is a price pullback with a divergence phenomenon; on the 15-minute level, after forming a golden cross at a low point, it has started to show a bottoming pattern.

In terms of price, there are many obstacles to moving upward, with resistance levels at 3094, 3132, 3166, and 3235; there are also several defensive lines for moving downward, with support levels at 3058, 3024, 2970, and 2930.

There are also two data points to pay attention to: the long-short ratio for ETH is 1.99, and the fear index is only 16, which is a bit abnormal for the fear index. The long-short ratio in the real market and across the internet is 44 to 56, with bearish forces slightly stronger.

When trading $ETH, do not act impulsively; you must wait for clear and definite pattern signals to appear before confirming the direction and entering the market. Also, you must set a stop loss before placing an order. If you don't have a stop loss, this order must not be placed; otherwise, if the market has any fluctuations, the risk will be maximized. We need to make money steadily without taking reckless losses.

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