#数字资产生态回暖 $ETH Technical Analysis for December 11 Morning



Ethereum has been a bit frustrating lately—its recent upward trend looked promising, but in the past couple of days, the correction has become larger and the rebound has lost momentum. The key support levels that held before have now been broken, and those previous support points are no longer reliable, throwing the short-term rhythm into chaos.

From the market perspective, after a period of sideways consolidation, there was a surge in volume leading to a sharp decline. Each successive candlestick body is larger than the previous one. This is not normal turnover; it indicates that the bulls are taking profits and the bears are beginning to take control. The price has broken below the short-term moving averages, with the previous upward momentum rapidly diminishing. During the decline, there was no sign of stable support, making the pressure trend particularly evident.

Trading idea: Consider short positions in the 3300-3350 range, with the first target at 3200, and further down at 3150.
ETH-0.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
CryptoPhoenixvip
· 12-12 15:23
Here it comes again, this recent dip is really testing my patience... But think about it, isn't the bottom range just like this, repeatedly testing us? The bear market is about mindset, and maybe this time it's an opportunity [laughing with tears]
View OriginalReply0
SingleForYearsvip
· 12-12 03:43
Did it break support again? This bear move is really fierce.
View OriginalReply0
MidnightMEVeatervip
· 12-11 02:01
It's that same narrative of "going long and taking profits" again, acting like it's the real deal... In reality, it's just another sandwich attack in the robot paradise. Retail investors are still looking at the K-line, while arbitrageurs have already taken a couple of rounds in the dark pool. Shorting at 3300-3350? Bro, you're helping the whales in the liquidity trap push the bulldozer.
View OriginalReply0
FortuneTeller42vip
· 12-11 01:48
Here comes the technical analysis to cut the leeks again, short at 3300? I think it's doubtful, no one believes this anymore.
View OriginalReply0
Tokenomics911vip
· 12-11 01:45
The bears have taken over, but can 3150 hold? Feels like it's going to drop further.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)