Ethereum (ETH) Market Trend Analysis and Trading Suggestions (December 2nd):

Yesterday's short positions were closed with a profit, securing 100 points. The current trend is in a rebound phase, but it remains relatively weak. The recommended strategy for future operations is still to focus on shorting at higher levels. Analyzing the four-hour Ethereum price trend, the price has gradually stabilized after the sharp drop on December 1st, forming a low-level consolidation pattern. A slight rebound occurred on December 2nd, but the overall trend remains downward, with the high failing to break through the previous high. The current MACD histogram shows a shortening of negative values, with both DIF and DEA running below the zero line, indicating weakening bearish momentum but not yet a bullish reversal. The RSI value is 38.35, moving out of the oversold zone, indicating some short-term rebound potential, but overall weak. The price is currently supported by the EMA7 (2818.76), while the EMA30 (2907.07) and EMA120 (3051.99) are providing significant resistance, and the long-term moving averages are trending downwards. Trading volume surged significantly during the crash, reaching 849,003 on December 1st, indicating panic selling. Recently, trading volume has contracted, and market sentiment has calmed. Ethereum trading suggestion for December 2nd: Short positions are recommended around 2840-2860, with target levels of 2800-2770-2740. Market conditions are constantly changing, and this article is subject to change. Please refer to the information on the homepage for specific details and private real-time guidance.