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Regarding the recent $ETH analysis and interpretation as shown in the chart!
Bottomed out on December 1st, followed by a one-day rebound on December 2nd, confirming that this is our stage bottom, and a rebound is needed. This is also why I haven't moved from my bottom position at 2750.
On December 7th, there was a retest of the descending trend line. Many people are scared and fearful, but instead, they need to stay calm and patient.
Retesting the descending channel is a reasonable behavior; BTC performed similarly and well.
Be patient and hold your position; brightness is coming. The rallies on the 8th and 9th demonstrate that your technical understanding is on point.
The target for this rally is most likely around 3550-3650, where profit-taking may occur.
Brother Qiang has also been trading on Gate! An established exchange with secure funds, sufficient liquidity, smooth trading without lag, and I recommend everyone to use it together!
@Gate_zh @GateFutures
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