#ETH走势分析 The sharp fall of Ethereum in the early session has actually released most of the downward pressure. Is it worth chasing shorts at this position? The risk-reward ratio is not favorable.

Looking at the hourly level, the price fluctuations have noticeably narrowed, and both bulls and bears are vying here. This kind of consolidation is often a precursor to the bulls accumulating strength.

$ETH can consider placing long positions in the range of 2780 to 2830, with the first target at the round number of 3000. If it breaks through smoothly, the next stop is around 3140. Remember to control your position size and set a stop loss.

ETH1.49%

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FloorSweeper

· 12-01 03:30

Well, this wave of fall has indeed diminished the momentum of short positions, and chasing shorts now feels pointless. I'm also watching 2780-2830, just waiting for that moment when it hits the bottom and rebounds; 3000 is not a dream.

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just_another_wallet

· 12-01 03:27

This fall has indeed shown signs of a Rebound after releasing pressure, but I still need to see the Trading Volume in the 2780-2830 range before I dare to enter a position.

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MoonMathMagic

· 12-01 03:27

I have heard this saying about the fall relieving pressure many times, and it has never been accurate, haha.

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