Ethereum Market Update (December 2nd)

This article was written at 14:05. Looking at the daily chart, Ethereum's price movement is basically similar to Bitcoin's. Yesterday's decline tested the short-term support around 2750 again before closing with a candlestick. Currently, the price action hasn't broken down. Long-term holders shouldn't panic and should continue to hold. For short-term trading, long positions can be established independently, with a recommended entry point around 2760. Aggressive traders can enter directly, with a stop-loss at 2660 and a target of 2950-3010. After reaching this level, watch whether it can effectively break through 3170. If it does, you can chase the price higher. Observe the price action as it unfolds and determine your entry opportunities accordingly. Click on the profile picture above to open my homepage and discuss market trends. Short-term trading, manage risk, and be responsible for your own profits and losses.