Detailed analysis of Ethereum trends and operational suggestions for December 16th:

As shown in the 4-hour chart, Ethereum's price movement has gradually shifted from an upward channel to a downward channel. The current trend may see a pullback to around the previous low of 2720. Analyzing the 4-hour Ethereum price trend, the price has gradually rebounded from a low of 2920 to 2954 in the last 4 hours, forming a small upward candlestick, but the overall trend remains downward. The daily chart shows three consecutive days of decline, and yesterday's low of 2876 is close to the previous support area, suggesting a potential short-term rebound. The 4-hour MACD histogram remains negative, with the fast and slow lines running below the zero line, indicating that bearish forces are dominant but have weakened. The 4-hour RSI is 36.15, not yet in oversold territory, but leaning towards weakness; the daily RSI is low, indicating weak market sentiment. The current price is below the EMA7 (2978) and EMA30 (3075), with significant short-term moving average resistance. The EMA120 (3102) is far from the current price, indicating a continued long-term bearish trend. The 4-hour trading volume was 43,506, a decrease compared to the previous high volume, indicating a temporary stalemate between buyers and sellers. The daily trading volume was 159,353, significantly lower than the high volume during the previous days' sharp decline, indicating decreased market activity. Ethereum trading suggestions for December 16th: It is recommended to enter short positions when Ethereum rebounds to the 2960-2980 range, with target prices of 2920-2880-2840. If it breaks below 2800, the next target is around 2720. If the trend continues to rebound, it is recommended to add to short positions around 3030, with target prices of 2970-2920! Market conditions change rapidly; this article is for informational purposes only, and real-time strategy guidance is available free of charge!