Accurate Hit! Reviewing Mr. Qiu's analysis on December 6, precise and ruthless!
After Ethereum broke through $3800, it attempted to hit the $3960 high multiple times but failed, indicating that the selling pressure above remains strong. The current price has retreated to around $3880, with the candlestick forming a significant upper shadow, reflecting that the selling pressure should not be underestimated.
Nevertheless, the overall market pattern still shows a fluctuating upward trend. From a technical perspective, the resistance level at $3960 still exerts pressure in the short term, but the current price pattern vaguely reveals further upward potential. If a successful breakout occurs, the market will welcome new upward space.
