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#以太坊行情技术解读 December 11 Ethereum Market Analysis
Ethereum is highly correlated with Bitcoin, both entering hourly adjustments. During the market decline, the bulls are clearly losing momentum while the bears have taken control. Observing the candlestick chart, trading volume has not significantly diminished during the decline—indicating that selling pressure in the market continues to release, and the probability of further short-term weakness is relatively high.
Trading strategy: Wait and see is preferred; there's no need to rush into bottom fishing for rebounds.
If you want to participate, consider short positions in the 3220-3270 range. Keep an eye on 3170-3120 as the target below.