Ethereum price update on December 18th

This article was written at 13:38. Ethereum's overall trend is slightly weak, and the upward momentum is not strong. Our previous long position at 2940, with a target of around 3170, only reached a maximum of 3029. Those who did not exit in time with Bitcoin were stopped out. (I suggest that you benchmark Ethereum trading against Bitcoin. When you enter a position in Bitcoin, you can enter Ethereum in the same way, and exit in the same way. Bitcoin is still the market leader.) Looking at the 4-hour chart, Ethereum is relatively weak. The previous low of 2871 has been broken. The next support level is around 2750. For short-term trading, you can use the support level around 2750 as a stop loss to capture small rebound opportunities. I recommend entering around 2810, with a stop loss at 2710 and a target of 2950. After reaching 2950, pay attention to whether the high of 3029 can be held. If it breaks through, then enter a new position. Manage your own entry opportunities. Short-term trading, control risk, and manage your own profits and losses.