Ethereum price update on December 19th

This article was written at 13:47. Yesterday's long position on Ethereum was placed around 2810, with a target of around 2950. The rebound reached a high of 2997, providing an exit opportunity with a profit of approximately 140 points. The price action was similar to Bitcoin's; the upward movement failed to break through, and the price fell back towards 2750 before a rebound during the daytime session. After five consecutive days of decline, Ethereum finally closed positive. For daytime trading, focus on the 2950 level. If this level is reached and a long upper shadow forms, a short position can be opened with a stop loss at 3000, targeting 2800-2750. Conversely, if no upper shadow is formed, no short position should be opened. If the high of 2997 is broken, a short position can be opened towards 3100-3150. Enter the market at your own discretion. Click on the profile picture above to open my profile and discuss market trends. Short-term trading, control risk, and manage your own profits and losses.