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Don't remind me again today

DefiEngineerJack

2025-12-01 21:21:02

At four o'clock in the morning, I watched the market as Ethereum fell from 2970 all the way down to around 2739, this trade was quite enjoyable. I mentioned yesterday that the market has clearly indicated it needs to choose a direction - either break through 3100 and continue to rise, or fall below 2870 and go down. As a result, it dropped directly to 2720, those who followed the trend made a lot of profit, while those who stubbornly went against it are probably now in a corner drawing circles.

The bearish atmosphere at the daily level is so thick that it can't dissipate. After reaching a high of 3000, it turned around and suffered a heavy blow, dropping to a low of 2718. The EMA15 is still pressing above 2995, not giving any chance for a rebound. The price is now stuck around the Fibonacci retracement level of 0.618, which is about 2749, and the MACD volume continues to shrink below the 0 axis, with no signs of reversal for DIF and DEA. What's even harsher is the Bollinger Bands, where the K-line plunged directly from the middle track of 3000 to the lower track of 2676, and the KDJ death cross has formed. Is there any chance of seeing a decent rebound in the short term? Not for now.

Four-hour level gives some operational ideas. Now that it has clearly encountered resistance after touching the 0.618 position, if you want to bet on a rebound, you can try a small position in batches here, but remember this is the first entry point, not a signal to go all in. If it falls below 2700, don't hesitate, just cut losses and withdraw. Wait until it really drops near the previous low of 2620, then it's not too late to consider trying again.

The core logic remains the same - the current market sentiment is dominated by short selling. When encountering resistance levels above, look for opportunities to short. If you want to catch a bottom and go long, you can only do so by quickly entering and exiting for a small profit, don't expect to hold for a large trend. When the market provides direction, don't go against it; following the trend is the key.

ETH9.66%

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HodlVeteran

· 10h ago

Still staring at the charts at four in the morning, how much can one endure, I've already learned to close my eyes and go All in. The old brothers who are stubbornly holding on against the trend are probably in the corner now not drawing circles, but drawing ellipses. We must hold onto this hurdle at 2700, otherwise, it will really slide down all the way; I was this numb back in 2018. Going with the trend is the way to success, I've been hearing this for ten years and still haven't learned it, so now it's your turn to perform, young people.

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GraphGuru

· 18h ago

Watching the market at four in the morning? Brother, your stamina is impressive; I'm already asleep.

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BrokeBeans

· 18h ago

Again and again, it has been smashed through. Damn, this is really incredible.

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StablecoinGuardian

· 18h ago

Last night I couldn't sleep and witnessed this deadly blow, it really felt great to go with the trend. --- Short positions have been the main dish lately, those who go against the trend are basically eating dirt. --- 2749 is stuck and not moving, this position is really a watershed. --- If it breaks 2700, you must run; don’t be lucky, there have been too many lessons learned. --- This wave has dropped from 3000, and the technical indicators clearly show that it will continue to price drops. --- I’m trying a small position to test the rebound at 2749, but don’t even think about going all in. --- If you follow the trend for one night, you can recoup investment, but if you go against it, you’ll get liquidated - the difference is huge. --- KDJ has already formed a death cross, do you still want to rebound? Are you dreaming? --- If it really gets to 2620, then consider buying; don’t be greedy now. --- Making money by going with the trend, losing your fortune by going against it, this wave has been very clearly written.

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StableBoi

· 18h ago

How is everyone who was reverse trapping yesterday? Still in the trap, right? Haha

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SleepyValidator

· 18h ago

People who are still watching the market at four in the morning are really tough, this wave of short order is indeed satisfying. Those who are stubbornly holding long positions, take care, going with the trend is always the easiest way to make money. The 2700 mark must be defended well, if it breaks, you have to run.

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MidnightGenesis

· 18h ago

On-chain data shows that this wave is indeed interesting, the trading volume accumulation at the 2720 position is worth noting, and as expected, short positions are still applying pressure. From the code logic perspective, the EMA15 suppression is indeed a hard indicator, but I am more concerned about the contract change time points—such rapid plummet usually accompanies actions from large investors, and monitoring shows that there are indeed port anomalies. The mindset of buying the dip is the most critical; those who have been quick in and out have survived to now, while those who went all in have basically already entered. The moment it falls below 2700, the on-chain address change monitoring should have sounded the alarm; it's not just me saying this, based on past experience, this position is indeed the stop loss line. What’s interesting is the timing of the lower band touching; comparing with historical data, the rebound window is indeed not large.

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FlashLoanLarry

· 19h ago

This wave is indeed comfortable to short, but I think there's still a chance of a rebound at the 2749 position, so don't be too greedy. --- Your analysis is quite detailed, but it feels a bit overconfident; a rebound could come at any time. --- Those who went all in must have been played people for suckers; that's why I only dare to test the waters with a small position. --- I don't have the willpower to watch the market at four in the morning; when I woke up, I saw it fall like this, it made me so angry. --- According to your logic, short positions are the main theme, so I’ll continue to short, after all, it's following the trend. --- If it really breaks 2700, that would be ridiculous; it feels like there should be a rebound, otherwise it’s too direct. --- To be honest, this wave has indeed hit hard, but I'm more concerned about where the rebound will go; it feels like around 3000 will become resistance again. --- Stop loss is very important; what you said makes sense, don’t hold on stubbornly. --- With EMA15 suppressing so hard, there really isn't much room for a rebound; looking bearish in the short term is correct. --- I also saw the 0.618 point of the Fibonacci retracement; it really feels like a hurdle.

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