Ethereum's movements are really dragging on, hovering around 2996 with no clear direction, both bulls and bears are exhausting themselves here.

The daily analysis shows that the price is oscillating below the middle line of the Bollinger Bands at 3015, with an overall bearish trend. Although the MACD has formed a golden cross, the momentum is weakening, and red bars are reappearing, indicating insufficient upward momentum at the daily level. The RSI is weakly oscillating around 49, with a temporary balance between bulls and bears. The four-hour analysis indicates that the Bollinger Bands are continuously narrowing, with the price weakly operating below the middle line, and volatility has dropped to freezing point. The MACD is consolidating near the zero axis, lacking a clear direction in the short term. Although there has been a slight capital inflow of 35.77 million, the overall trading volume is shrinking, indicating very low market participation.
Operation idea:
A rebound to 3030-3040 can be considered for shorting, with a target below 2990.
#十二月降息预测