Detailed analysis of Ethereum trends and a stable profit-generating strategy for December 17th:

Yesterday's short positions were perfectly closed with profits. As emphasized yesterday, Ethereum's trend has shifted from an upward channel to a downward channel, and the current trend remains weak. Analyzing the 4-hour Ethereum price trend, the recent price action shows a downward oscillating trend. After a sharp drop on December 15th, there has been a continuous pullback, but the rebound has been weak. The daily chart shows consecutive bearish candles, and the 4-hour chart shows gradually lower highs and constantly lower lows. The MACD is below the zero line, and the histogram shows increasing bearish momentum, with the fast and slow lines continuing to diverge downwards, indicating continued downward pressure in the short term. The RSI value is hovering around 35, not yet in oversold territory but close, indicating weak market sentiment and potential for further correction. The EMA7, EMA30, and EMA120 are all in a bearish alignment, and the price is trading below all moving averages, with the EMA7 acting as resistance. Daily trading volume has generally increased, especially during the sharp drop on December 15th accompanied by heavy selling, followed by a rebound with reduced volume, indicating decreased investor participation. The 4-hour chart shows significant volume fluctuations, with insufficient volume during rebounds, indicating limited buying power. Ethereum (ETH) Trading Recommendations (December 17th): It is recommended to enter short positions on ETH when it rebounds to the 2930-2950 range, with target levels of 2890-2860-2820. If it breaks below 2800, the next target is around 2720. Market conditions change rapidly; this article is for informational purposes only. Real-time strategy guidance is available free of charge!