Detailed analysis of Ethereum trends and suggestions for stable returns on December 24th:
Yesterday's short position profits were as expected, but judging from the trend, Ethereum's performance is weak. With Christmas approaching this week, the market will be relatively quiet, and it's estimated that there won't be much volatility. If you want to trade, you can try small positions for short-term gains; if you don't want to trade, taking a break is also a good idea. The market may become clearer after Christmas. Today is Christmas Eve, so I wish everyone a Merry Christmas Eve! Analyzing the Ethereum four-hour price trend, the recent price action shows a downward trend with consecutive bearish closes after December 22nd, and the highs are gradually decreasing. The daily chart shows long upper shadows (such as on December 23rd), indicating heavy selling pressure. In the 4-hour MACD cycle, both the DIF and DEA are running below the zero line, indicating increasing bearish momentum, but the MACD histogram shows signs of shortening, suggesting a possible short-term rebound. The current RSI value is 42.72, in the weak zone, but not yet in the oversold area, indicating that the market is still biased towards the bears. The EMA7, EMA30, and EMA120 moving averages are all in a bearish alignment, with the EMA7 rapidly crossing below the EMA30, indicating significant short-term pressure. The current price is below all moving averages, suggesting the overall trend remains bearish. Trading volume on December 24th was significantly lower than in previous days, indicating a more cautious market sentiment. The high-volume decline on December 23rd shows that bearish forces are dominant, with significant capital outflows. Ethereum (ETH) stable profit trading suggestion for December 24th: Short positions are recommended around 2930-294, with target levels of 2900-2870-2850. This strategy is time-sensitive; implementation will primarily rely on free guidance.
