#比特币对比代币化黄金 December 6 Ethereum Market Observation

Looking back at last night's market, ETH started to pull back from the 3157 level, bottoming out near 2980. However, the decline did not continue; after the bearish momentum was released, the price entered a narrow range of consolidation, and the overall pace was much milder than the previous drop.

From a technical perspective, the hourly Bollinger Bands have obviously tightened, and the distance between the upper and lower bands is continuously shrinking. This convergence pattern indicates that both bulls and bears are temporarily locked in a stalemate, with neither side gaining a clear advantage in the short term.

Looking at trading volume, the weekend market is usually quiet, and ETH’s trading volume has been hovering at low levels. Without an increase in volume, breaking out of the current range will be difficult. Therefore, today will most likely see continued range-bound trading within this box.

In terms of trading strategy, consider shorting at the high end and going long at the low end of the range:
Short positions: 3060, 3090
Long positions: 3000, 2970

$SOL $XRP