Wednesday Ether (ETH) trading strategy sharing

Yesterday, the Ethereum trend exhibited a typical structure of rising and then falling back. After the price rose to the 3064 line, it faced pressure and fell back, quickly dropping to around 2900 where it found support and stabilized for a rebound. It is currently consolidating in the 2970 range.

From the market structure perspective, since the price fell back from the 3020 area yesterday, it has attempted to rally towards the 3000 round number multiple times, but has failed to achieve an effective breakout, indicating a significant lack of bullish momentum. The overall trend remains in a weak oscillating pattern.

On a technical level, 3050 has become the most important short-term resistance level, while the upper level of 3100 constitutes a more critical strong resistance zone. Before the price can effectively stabilize above 3100, the short-term weak structure is difficult to reverse.

In the current bearish market environment, the main strategy remains to short. Considering that today is Christmas Eve, the overall expected volatility is limited, and it is not advisable to be overly aggressive.

Operation Suggestions:
Consider gradually placing short orders in the Ethereum 3000–3030 range.
🎯 The target is initially at 2750, if it effectively breaks down, it can continue to look down to 2700.
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