Ethereum's performance is a bit disappointing, being pressed around 2990, and it looks like it's about to test the key support at 2970.

The daily analysis shows that the price has broken below the middle band of the Bollinger Bands at 3016, indicating a weakening short-term structure. After the MACD death cross, the green bars have enlarged, increasing the adjustment pressure at the daily level. The RSI is hovering around 50, with bulls and bears contesting at a critical position. The four-hour analysis indicates that the Bollinger Bands are opening downwards, with the price running along the lower band, clearly indicating a bearish short-term trend. The MACD has crossed below the zero axis, enhancing the downward momentum. The most concerning issue is the significant outflow of funds amounting to 250 million, indicating that large capital is withdrawing, which is a dangerous signal.

Operation idea:

A rebound to 3020-3030 can be considered for a short, with a target of 29800.
#十二月降息预测