#ETH走势分析 December 1st, Monday Ethereum market observation

This morning, ETH accelerated its pullback following mainstream cryptocurrencies, currently priced at $2844, with a decline significantly exceeding that of Bitcoin. This is characteristic of highly volatile assets – they surge sharply when rising and do not hold back when falling.

Market data shows that the long positions accumulated in the range of 3000-3050 USD have stopped out, coupled with a net outflow of 473 million USD, which directly pushed the price down to a low of 2830 USD. It is now in a phase of digesting selling pressure, with overall sentiment being cautious and wait-and-see.

From the hourly chart, the Bollinger Bands have opened significantly downwards, and the price has fallen below the lower support line. The MACD's DIF and DEA are continuing to diverge downwards, with trading volume increasing to 3.2096 million, indicating that selling pressure still dominates the market, and short-term bearish forces are still being released.

**Operation suggestions for reference:**

Friends who are bullish can pay attention to the 2820-2840 region and gradually try long positions with light positions, placing stop-loss below 2800, targeting the 2900-2920 range.

Friends who are bearish should closely monitor the rebound position at 2900-2920 to short with a light position, setting the stop loss above 2950, and aiming for the target in the 2850-2830 range.

Risk self-control, for reference only.