#BTC与代币化贵金属对比 $ETH Technical Observation for December 11 Morning Session

Ethereum has broken below the middle band of the Bollinger Bands on the 4-hour chart, with the price continuing to operate below it, indicating increased medium-term pressure. The shrinking volume clearly signals a problem—there's evident weakness during rebounds, and no signs of stable K-lines, which suggests that the upward breakthrough momentum is quite limited.

From a moving average perspective, the price has fallen below the MA144 and MA169 support levels, forming a downward pressure across the entire moving average system. Coupled with signs of Bollinger Band expansion, it is clear that the dominance of the bears is evident.

Short-term trading idea: Consider short positions around 3250-3280, with targets around the 3150 level, and further down to 3100. The current market is experiencing oscillations downward, and the bullish rebound momentum is indeed insufficient, so caution is advised.