Ethereum pre-orders placed at midnight on December 24th

Ethereum (ETH) remains weak in the short term. The 4-hour chart shows a continuation of the decline after the evening close. While it has found support around 2900, if the rebound fails to hold above 2970, further declines are possible. Therefore, a conservative approach would be to place a long position at 2830 (placed overnight) with a stop-loss at 2795 and a target of 2930. This is just my personal opinion and for reference only.