The current price of ETH shows a clear downward trend on the hourly chart: the price continues to be under pressure below the short-term moving average, with weak rebounds and multiple failures to break through key resistance. The MACD remains in a death cross state, with increasing green bars highlighting strong bearish momentum, while the Bollinger Bands are sloping downwards, confirming downward pressure. On-chain long liquidations combined with increasing sell orders indicate that if there are no effective stabilization signals in the short term, one should be cautious of emotional sell-off risks after a breakout. Suggestion: Short in the 3050-3000 range, targets: 2950, 2900, 2850#美联储降息预测
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$ETH 12.21 Afternoon Analysis
The current price of ETH shows a clear downward trend on the hourly chart: the price continues to be under pressure below the short-term moving average, with weak rebounds and multiple failures to break through key resistance. The MACD remains in a death cross state, with increasing green bars highlighting strong bearish momentum, while the Bollinger Bands are sloping downwards, confirming downward pressure. On-chain long liquidations combined with increasing sell orders indicate that if there are no effective stabilization signals in the short term, one should be cautious of emotional sell-off risks after a breakout.
Suggestion: Short in the 3050-3000 range, targets: 2950, 2900, 2850#美联储降息预测