🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
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🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
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Gat
#加密生态动态追踪 Ethereum short-term pressure is increasing, and this downward move is accelerating.
Looking at the 4-hour chart, Ethereum has already broken through the lower Bollinger Band, with the channel widening and opening downward. The bearish momentum is still being released downward, and the short-term risk of further decline is indeed building.
On the daily chart, the entire movement framework is a descending channel, and the rebound strength has been quite weak. Multiple attempts to rise have failed to form any significant reversal signals. Currently, the market does not show a clear bottoming pattern, and the trend remains dominated by bears.
**How to operate? The main idea is to follow the trend downward.**
The short-selling zone to watch is around 3020 ~ 2980. The first target is 2880, and if that level breaks, then look towards the 2700 level.
If there is a sudden short-term rebound, wait for it to encounter resistance at the pressure level, and then re-enter on the second opportunity to short.
Honestly, now is definitely not the time to catch the bottom. The strategy is to patiently wait for a rebound, then enter at the right position. Position size and stop-losses must be strictly managed. Quick in and out, following the trend is the most reliable approach.
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