Crypto Circle Academician: On 12.6, Ethereum is in a trend correction. Don't rush to exit; the target is still the highest point of the year! For those who haven't entered yet, be patient and wait for opportunities.

The current price of Ethereum is 3820. It is now 4:38 AM Beijing time. The big coin has just concluded, and the second coin has already dropped below 3800. Our target of 3520 has finally retraced, breaking the neckline at 3915. Exit and take profits again, leaving half to keep holding. The main forces are locking in profits, leading to a double kill on both long and short positions. How many people have made a beautiful comeback like me during this bullish wave? You can refer to my thoughts by reviewing historical notes. Under the condition that the large-scale trend remains unchanged, all pullbacks are false signals and opportunities. This statement is always valid because when the trend is not adjusted, we do not act. Right now, at this moment, is our latest entry point at 3800. Set a stop loss below the previous low and exit immediately if it breaks.

Looking at the daily K-line, the highest is 3958, the lowest is 3767. The EMA15 trend fast line support is still stretching, currently at 3560. The bullish trend has not ended, with MACD increasing volume. The DIF and DEA are showing a high-level diffusion trend unchanged. The upper pressure level of the Bollinger band to pay attention to is 3930, while the middle track support is at 3450. The overall trend presents a bullish market entering an overbought state. The main forces show obvious profit-taking, retracing downwards to digest. Follow the trend; effective support during pullbacks allows for continued entry. Focus on trend support points in the 3630 to 3660 range. Don’t enter unless at the point; preserving the chips in hand is more important than returns.

The four-hour K-line has three consecutive bearish candles breaking the key support of 3830, arriving at the EMA15 trend standing point of 3790. Pay attention to the EMA60 key support point at 3635. The MACD volume reduction, with the DIF and DEA showing high-level contraction downwards, while the Bollinger band diffusion maintains a bullish trend. The K-line is expected to pull back shortly, with the middle track support point at 3730. The KDJ shows a clear downward pullback trend in the short term. Do not chase shorts; the trend is primarily bullish. Make long trades during trend corrections.

Short-term reference: Safety first. Remember that there is no 100% certainty in the market, so always set stop losses. Safety first; small losses for big gains is the goal.

For aggressive traders, short orders can be placed with limits between 4000 to 4030, with a stop loss of 30 points and a target of 50 to 100 points. In a large-scale bullish trend, do not hold shorts too long; exit early at the neckline.

Key support below is 3600 to 3650, with a defense at 3550 and a stop loss of 50 points. The target is set for 6700 to 3800, and if broken, watch for 3900 to 4000.