12.27 Zhang Lihui: After failing to break through the 3600 mark, is Ethereum entering another period of sluggishness? Is there a risk of opening up space below again? Today's latest market analysis and trading reference! #比特币市场波动观察 $ETH

After waiting for two days, Ethereum still hasn't broken through 3580. It seems that the previously mentioned 3600 mark and the daily EMA30 and EMA15 range resistance trend are very strong, and the market has been pushed down again. The K-line has broken below the daily EMA60 and is approaching the first support position of EMA80, with defensive levels visible at EMA120 and the lower edge range. The good news is that the lower edge has not moved downwards, so the market should not decline too much. Moreover, there are still many support trend lines below the K-line, while there are only a few above, and the current upper edge continues to press down. The middle track has not effectively eased or turned up; the MACD has increased in volume again below the 0 axis, and the fast and slow lines have failed to converge and continue to widen. Coupled with the main force selling off goods in the past two days, the market is likely to undergo another period of low-level fluctuations;

In the 4-hour chart, the Bollinger Bands channel is tightening downwards, the upper edge's attempt to break through EMA80-EMA120 has failed, and the K-line is approaching the EMA220 and EMA60 zone resistance once again, coming closer to the current MA380. The lower edge is also testing this position, with MA450 and MA500 continuing to rise. Therefore, the previous low support still exists, so there is no need to panic. Since the 3600 mark has not been broken, opportunities for short positions can continue, and the low-long approach is to decisively buy when approaching the previous low, maintaining a good defense and continuing to test positions!

Lihui previously mentioned that it is still best to focus on a low-long approach, as the weekly indicators can still consider a strong rebound in the middle track and EMA30 range, and since it is the end of the month, Lihui reiterates: do not be afraid of getting trapped when going long, but be afraid of immediately jumping in when seeing a hint of a bearish trend!

Beijing time December 27, 4:44 AM edited: It is recommended to continue testing long positions with light positions in the 3250-3280 range; reserve 3160-3130 for additional positions; stop loss below 3100; target at 3345-3415-3470; if breaking above the 3480-3510 range, you can continue to hold;

For short positions, also pay attention to the 3480-3510 range not breaking, and lightly enter short positions, targeting a hundred-point space. Specific operations can be consulted with Lihui based on real-time changes!