#大户持仓动态 📊December 17th Ethereum Technical Analysis and Trading Ideas:

Yesterday's short position was perfectly closed with profit. I mentioned earlier — Ethereum switched directly from an upward channel to a downtrend, and overall, the current pattern remains weak.

Looking at the 4-hour chart, the price is consolidating downward. After the sharp decline on December 15th, although there was a rebound, the momentum was very weak. The daily chart shows a series of consecutive bearish candles, with the highs in the 4-hour chart gradually decreasing and the lows continuously making new lows.

The MACD has fallen below the zero line, indicating that the bears are gaining strength, with the histogram showing increasing bearish momentum. The fast and slow lines are still diverging. The RSI hovers around 35; although it hasn't entered oversold territory yet, it's very close. In simple terms, market sentiment is lacking, and further adjustments may be needed. Regarding moving averages, the 7, 30, and 120 EMAs are all in a bearish configuration, and the current price is sitting below all of them, indicating significant short-term resistance.

On volume, there was a noticeable spike during the big drop on December 15th, but subsequent rebounds saw a clear decrease in trading volume, suggesting that buying enthusiasm is waning.

💡 Trading Suggestions:

Wait for ETH to rebound to the 2930-2950 range to enter short positions, targeting 2890, 2860, and 2820. If it breaks below 2800, then look towards 2720.

Market conditions are never absolute, and strategies need to be adjusted dynamically. $BTC $ETH