#ETH走势分析 December 2nd early morning review: Ethereum has fallen quite sharply this time.

I just took a look at the market, and ETH is now hanging around 2733. To be honest, it's been quite difficult these past few days. It slid all the way down from 2990 to 2735, and the downward angle on the daily chart shows a typical bearish trend.

The technical indicators are not looking good: the highs on the 2-hour candlestick are progressively lower, and the lows keep being refreshed, showing a weak downward oscillation. The MACD on the 2-hour timeframe has strong bearish momentum, and there is considerable pressure at the daily level in the short term. As for the moving average system, both the 2-hour and daily EMA are in a bearish arrangement. The evening star pattern combined with this moving average structure presents a clear bearish signal.

The trading volume is also worth noting - the price has fallen while the volume has increased, indicating that the selling pressure is indeed considerable. Based on this momentum, it seems that the main force may continue to test lower levels. In the short term, it is advisable to adopt a wait-and-see approach and not rush to catch the bottom.

If you have to refer to the operating range:
If bullish, you can wait around 2700, set the defense at 2650, and target 2800;
If shorting, 2800 is an observation point, defend at 2850, target looking back at 2700.

Of course, the cryptocurrency market changes too quickly, and these levels are for reference only; specific operations still need to be combined with real-time market conditions. Recently, there has been a lot of volatility, and the risks are self-borne. Controlling your position is more important than anything else.

$ETH (Ethereum)