$BTC $ETH
The daily level downtrend remains unchanged, with multiple moving averages acting as roadblocks to rebounds.
Currently, the ETH daily level is still deeply entrenched in the downtrend that began from the October high, with core technical pressure concentrated on the moving average system. The 50-day moving average at $2965, the 100-day moving average at $2980, and the 200-day moving average at $3083 form a dense resistance zone, with prices consistently operating below all major moving averages, confirming a market structure dominated by bears. The super trend line indicator remains red, coinciding with the downtrend line near $3380, further reinforcing the bearish outlook in the medium to long term.
On the momentum indicator level, the daily RSI maintains a neutral range and has not yet entered the oversold area, lacking clear rebound momentum; although there are signs of contraction in the MACD histogram, it remains below the zero axis, with bearish momentum not fully released. Key support is focused on $2880, a level that is both a recent low and a critical Fibonacci retracement support area. If effectively broken, it will open a new round of decline to the $2800-2750 range. In terms of operations, before a clear reversal signal at the daily level, a rebound to the $2970-3000 resistance area remains an optimal window for positioning short orders at highs, with strict stop-loss settings needed to guard against pin risks caused by insufficient holiday liquidity.