📣Ethereum trend analysis and trading suggestions sharing on the evening of 12/1🈳:

The Ethereum trend is basically linked to Bitcoin, dropping sharply from around 3020 to near 2830 in the early morning. The main factors behind this rapid decline are technical aspects and changes in market sentiment. On one hand, there are clear sell signals on the 1-hour chart of Ethereum, which usually indicates that after a sustained rise, short-term momentum may weaken and face a pullback.

From the analysis of the Ethereum price trend on the four-hour chart, the price has gradually fallen from a high of 3034 to 2841, forming a series of bearish candles, indicating a clear downward trend. The daily chart shows a sharp drop of 150 points on December 1, with a closing price lower than the previous trading day, creating a large bearish candle. In the MACD four-hour cycle, the MACD histogram continues to show negative values and is expanding, with the DIF and DEA having crossed negatively and diverging downwards, indicating that bearish forces are dominant. The RSI value on the four-hour cycle is 31, close to the oversold zone but has not entered the extreme area, suggesting a potential short-term rebound demand. The current price is below the EMA7, EMA30, and EMA120 moving averages, with EMA7 declining rapidly and EMA30 and EMA120 maintaining a suppressive effect, overall leaning bearish. The trading volume on the four-hour cycle has increased (e.g., 199404 at 08:00), accompanying the rapid price decline, indicating strong selling pressure. This further confirms that market sentiment is bearish.

Ethereum operation suggestions for 12/1:

It is recommended to enter short positions in the Ethereum range of 2840-2860, with target points: 2800-2760-2720. The trend continues to decline, and if it breaks below 2700, keep holding the short positions!

The market changes rapidly, and the article is effective. Free guidance on implementation strategies! $BTC $ETH #成长值抽奖赢iPhone17和周边 #十二月降息预测 #反弹币种推荐 #今日你看涨还是看跌？ #比特币行情观察 $BTC