#ETH走势分析 $ETH

Ethereum early market analysis for December 8 is here.

On the daily chart, bearish signals at the high level are obvious. This morning, watch the 3040-3030 range for a rebound opportunity, but there is considerable resistance at 3055, and it won’t be easy for the bulls to break through.

Honestly, chasing longs right now is quite risky—this round of long positions is essentially a countertrend move, so you need to watch the market closely. The main trend is still bearish.

If it does get pushed up to 3055, it might inertia-push to around 3070-3080, but most likely that’s a bull trap, and we all know what happens after that.

Providing both long and short directions in the early session actually indicates that the bulls can't hold on anymore. For those who prefer to play it safe, it’s better to wait for higher levels to look for short opportunities.