From a high of 3446.12 sharply dropping to around 3201.44, the price has been oscillating within this range, showing clear signs of weakness. The pre-market trend on US stocks is turning bearish, and AI concept stocks are underperforming again. The correlation of these risk assets is directly impacting Ethereum, with funds flowing out.
Technically, the MA144 and MA169 moving averages have long been broken below. The rebound has little strength, and the moving averages are clearly dominated by a bearish trend. During the price correction, each successive candlestick is more aggressive downward, and bulls are unable to hold the market. The 3180 level has become a critical support/resistance line—if it breaks, the downside space will open up fully.
Before the Federal Reserve meeting, market risk aversion is intensifying. Driven by the decline in tech stocks, Ethereum’s funds are clearly flowing out, and there’s no sign of real buying support around 3200. In the short term, bears are in control.
Strategy: Short between 3250-3280, targeting 3150, and further down to 3100.
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MetaverseLandlady
· 12-11 18:55
Breaking 3180 would be disastrous, I've already run away. Let's see how the bears bloodbath the market.
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SwapWhisperer
· 12-11 13:41
Once 3180 is broken, it's really over. Don't say I didn't warn you then.
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MissingSats
· 12-11 13:36
Another round of cutting my leeks, can't even hold the 3180 level, really hopeless.
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AmateurDAOWatcher
· 12-11 13:30
Once again, the market has plunged, and this time no one is willing to take the bait.
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The short sellers are quite aggressive this time; if 3180 breaks, it's really over.
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Bottom fishing? Let's wait and see; this momentum isn't over yet.
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The US stock market is leading the trend, so we have to take the hits along with it, no way around it.
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Shorting at 3250 was a good idea; now it's just a matter of whether we can hold on to the position.
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The obvious withdrawal of funds indicates that big players have already exited.
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Is 3180 the life-and-death line? It feels like it will break, so there's not much suspense.
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All moving averages are in the red; this technical situation really has no mercy.
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Short-term bears are dominating; chasing the rebound is just giving away money.
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Both MA144 and MA169 have broken below, so the bulls are really out of the game.
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AllInAlice
· 12-11 13:30
Dropped again, the 3200 level really can't hold, the bears are too fierce.
#加密生态动态追踪 $ETH Technical Analysis
From a high of 3446.12 sharply dropping to around 3201.44, the price has been oscillating within this range, showing clear signs of weakness. The pre-market trend on US stocks is turning bearish, and AI concept stocks are underperforming again. The correlation of these risk assets is directly impacting Ethereum, with funds flowing out.
Technically, the MA144 and MA169 moving averages have long been broken below. The rebound has little strength, and the moving averages are clearly dominated by a bearish trend. During the price correction, each successive candlestick is more aggressive downward, and bulls are unable to hold the market. The 3180 level has become a critical support/resistance line—if it breaks, the downside space will open up fully.
Before the Federal Reserve meeting, market risk aversion is intensifying. Driven by the decline in tech stocks, Ethereum’s funds are clearly flowing out, and there’s no sign of real buying support around 3200. In the short term, bears are in control.
Strategy: Short between 3250-3280, targeting 3150, and further down to 3100.