12/18 Ethereum Trend Analysis and Trading Suggestions:

Yesterday, two consecutive short positions yielded profitable results. As I've repeatedly emphasized for several days, Ethereum has transitioned from an upward channel to a downward channel, and it's highly likely to test the previous low around 2710. Analyzing the four-hour Ethereum price trend, the recent price action shows a downward trend with consecutive bearish closes since December 15th, exhibiting significant volatility. The long lower shadow on December 17th indicates some buying support at lower levels, but the rebound was limited. In the four-hour MACD cycle, both the DIF and DEA are below the zero line, indicating bearish dominance, but the shortening of the green bars suggests weakening downward momentum. The RSI value has gradually recovered from the oversold zone and is currently near 34, still showing weakness but with signs of stabilization. The current price is trading below the EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages all in a bearish alignment. The EMA7 resistance level is around 2860. Daily trading volume contracted after the surge on December 17th, indicating a more cautious market sentiment. Within the 4-hour timeframe, trading volume did not show a significant increase, indicating that both bulls and bears are currently in a wait-and-see mode. Ethereum trading suggestions for December 18th: Short positions are recommended around 2860-2880, with target prices of 2820-2780-2730. If there is a trend rebound, consider adding to short positions around 2920, with target prices of 2840-2800. These strategies are time-sensitive; implementation will primarily rely on free guidance.