2025-12-24 03:29:56

Looking at the four-hour level, Ethereum rebounded after touching the lower band of the Bollinger Bands last night, but started to turn back down as it rose near the 10-day moving average, and there are signs of approaching the lower band again. The expansion of the bandwidth is evident, with the short-term resistance positioned around 2986.

Looking at the hourly chart again, the three lines of the Bollinger Bands are arranged in a parallel descending pattern, which is a typical weak trend. The short-term moving averages have turned down, and the price is currently caught between the middle band and the lower band. If the subsequent rebound cannot firmly stabilize above the middle band, further downward movement in the market becomes a high probability event, with the first support targeting 2910.

The MACD level reveals signals of bearish strength. On the four-hour chart, the double lines have already crossed downwards, and the zero axis is about to be breached, with bearish momentum accumulating. On the hourly chart, the double lines are close to merging below the zero axis, indicating a significant decline in bullish energy.

From the perspective of the RSI indicator, it is currently in the overbought area, fluctuating between 83 and 89, which further confirms that the short-term upward trend is under pressure. Overall assessment shows that the market is indeed showing a weak oscillating situation.

**Resistance Level Layout**: 3020, 3160, 3270

**Support Level Layout**: 2810, 2717, 2620

**High-altitude strategy**: Establish a light short position around 3020 as a position, gradually add shorts at 3160, and if it breaks above 3270, exit with a stop loss.

**Long Position Strategy**: You can try to establish a long position near 2810, gradually increase your position around 2720, and cut losses decisively if it falls below 2620.

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AirdropHunterZhang

· 9h ago

I've seen through this death cross long ago. It's another wave of plunging. Last time, I got cut like this. This time, I’ll just short until around 2810 and then exit. Playing it safe and earning for free is the way to go.

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BlockchainGriller

· 11h ago

The Bollinger Bands are squeezing again, and this time it really feels like a breakout is coming. Short positions are accumulating energy, but we have to wait until the 2810 level before daring to buy the dip. I find it hard to believe that we can hold the 2986 level; it will be a tough short-term challenge.

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GreenCandleCollector

· 11h ago

It's the same old short positions routine again. Can 2910 really hold? I doubt it. --- Oh my, with the MACD death cross like this, still expecting a rebound is just unrealistic. --- I've already set up a short order at 3020, just waiting to play people for suckers. --- To be honest, this weak market structure is indeed oppressive, but whether 2620 breaks or not is key; don’t just look at the Bollinger Bands. --- The RSI has been overbought for so long, how come it hasn't crashed? Something feels off. --- I agree with the idea of low buys; picking up a bottom at 2810 isn't an issue, but you have to be steady. --- I've seen too many failed rebounds at the lower band of the Bollinger Bands, nothing surprising; continuing to fall is the way to go. --- All moving averages are aligned downward? It really feels like a deep fall is coming, I'm a bit anxious. --- Every day shouting support level, support level, and in the end, they all break; anyone who believes that is a fool. --- Might as well go all in on short orders; all indicators point downward anyway, what's there to fuss about?

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DataChief

· 11h ago

It's this death cross signal again. Are the short positions really here or is it just another trick? --- If 2810 can't hold, then it's doomed. No need for all that flashy stuff. --- The Overbought zone is still being traded. Do these people really want to lose money? --- RSI is already at 89 and still charging up. Do they have to wash out the market once before they're satisfied? --- Bollinger Bands are squeezing. Come on, I've heard this trick too many times. --- I believe in the low buy strategy like a ghost. If 2620 breaks, what should I buy in a buy the dip situation? --- Every time, they say there's a high probability of a dip. Probability isn't friendly to retail investors. --- I'm willing to build a short order at 3020. It just depends on whether 3160 can hold this level. --- If MACD convergence means there's completely no chance, that's a bit too absolute. --- If this really drops to 2717, I'll buy in. Otherwise, I'll just continue to watch.

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On-ChainDiver

· 11h ago

Again lurking around 2910, the short positions are indeed building up. It feels like the real buy low opportunity will be when it drops to 2810.

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TopBuyerBottomSeller

· 11h ago

It's the same old story with Bollinger Bands, MACD, and RSI; I can recite it by heart. The short positions signal is so obvious, how can anyone still dare to catch a falling knife? It's laughable. The support at 2810 must hold; otherwise, it's really going to crash down. Going short is indeed a good idea, but I still think it's a bit reckless to position without confirming the bottom. This market trend is ridiculous; the rebound is just a crash, it's really torturous. The RSI is already at 89, and yet no one is running away; it's truly a case of greed. I feel like if the critical level of 2900 doesn't break through, there’s no hope.

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AirdropAutomaton

· 12h ago

The Bollinger Bands are flattened, there's really no hope for this wave. The short positions' death cross has already formed, still thinking about going long? Don't dream. Once it drops below 2810, it will head straight for 2620, with nothing in between to block. I've already placed short orders around 3020, anyway, it can't rise. In this kind of market, you should just lie flat and do nothing. The RSI is already overbought and there are still people chasing the price, it's laughable. With so much support piled up, it means there's a lot of space below. High shorts are the way to go, just watch and smash it down at 2986. The moving averages have all turned, is the long positions really done?

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