Ethereum Trend Analysis and Trading Suggestions for the Evening of December 1st:

Ethereum's price movement largely mirrors Bitcoin's, plunging from 3020 to around 2830 this morning. The main factors driving this rapid decline are technical indicators and changes in market sentiment. Technically, the 1-hour chart for Ethereum shows clear sell signals, typically indicating that after a sustained rise, short-term momentum may be weakening and a pullback is imminent. Analyzing the 4-hour Ethereum price trend, the price has gradually fallen from a high of 3034 to 2841 in the recent 4-hour timeframe, forming consecutive bearish candlesticks and showing a clear downward trend. The daily chart shows a sharp drop of 150 points on December 1st, with the closing price lower than the previous trading day, forming a large bearish candlestick. In the 4-hour MACD timeframe, the MACD histogram remains negative and is expanding, with the DIF and DEA lines diverging downwards after a death cross, indicating that bearish forces are dominant. The 4-hour RSI value is 31, approaching the oversold zone but not yet in extreme territory, suggesting a potential short-term rebound. The current price is below the EMA7, EMA30, and EMA120 moving averages. The EMA7 is declining rapidly, while the EMA30 and EMA120 are providing resistance, indicating an overall bearish bias. Increased trading volume on the 4-hour chart (e.g., 199404 at 08:00) accompanied by a rapid price drop indicates strong selling pressure, further confirming the bearish market sentiment. Ethereum (ETH) trading suggestion for December 1st: Enter short positions in the 2840-2860 range, with target levels of 2800-2760-2720. If the trend continues downward and the price breaks below 2700, continue holding short positions! 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.