$ETH (12/10 Trend Analysis)

The village chief issued a warning about the decline yesterday, suggesting profit-taking on long contracts.

Ethereum dropped 12% in one day, leading altcoins into a waterfall market.

Over 370,000 people were liquidated in contracts, which is 270,000 more than the previous drop on March 12.

Therefore, it is very difficult to make money in contracts here; have a clear understanding of your position, play slowly, and retail investors can use the advantage of time to trade.

The weekly trend remains bullish, it is an intra-day correction, and the correction level is still around 3500. As the decline has not yet stopped, do not rush to bottom-fish.