12.16.ETH trend analysis
Ethereum has clearly broken below the lower Bollinger Band on the 4-hour level, and the channel continues to expand, with bearish momentum accelerating. The short-term downward risk is still increasing.
From the daily structure, it is still operating within a clear downward channel, with weak rebound strength. Multiple attempts at a rebound have not formed effective reversal signals, and there is currently no clear stop-loss pattern visible on the chart, with the trend still dominated by bears.
Operational thinking: primarily short in line with the trend.
Reference short position range: around 3020 ~ 2980
First target: 2880
If it breaks down, watch for: 2700 line
If a sharp rebound occurs in the short term, the focus should still be on secondary short positions after being pressured at resistance levels.
Currently, it is not suitable to catch a falling knife; patiently wait for a rebound to provide a position, strictly control position size and stop-loss, and quick entries and exits, following the trend is the safest choice.
