Crypto Circle Academician: Outlook on the bearish trend of Ethereum on December 27! Grasping the entry opportunity and finding the key breakthrough point is crucial,

Ethereum current price is 3333, it is now 6 AM Beijing time. Yesterday's critical point was not breaking 3550, so the main force will choose to go south. It can be seen that those in the crypto circle who entered above 3500 have profited, while those entering below 3300 are just coming in now. Pay attention to the key resistance level of 3380; if it does not break, those going south can continue to hold and look at the previous low. If it breaks, one should consider taking profits. Those going north should also pay attention to this key resistance level. The daily K-line's large bearish candle can basically confirm the closing point,

Regardless of whether the pullback breaks the EMA60 trendline resistance at 3375, the subsequent bearish momentum is much stronger compared to the bullish side. The EMA90 trend support is at 3240, and with the major level trend support at 3160, these two major support points can be entry points for those going north. The MACD is continuously reducing volume and increasing positions, and the DIF and DEA are still polarized. It is expected that today's opening will break the previous low to end the polarized sideways market. The Bollinger Bands are opening downwards, with the lower support moving down to 3180. The KDJ contraction indicates that the overall bearish trend will be stronger, so those going south can continue to hold.

The four-hour K-line shows that the major level Fibonacci support is at 3320, and the main force has already begun to attempt a breakout, with the lowest point already at 3300. The EMA trend indicator is starting to spread downwards, and the MACD is reducing volume downwards. The DIF and DEA hit the 0 axis and then quickly returned below it. The Bollinger Bands' sideways K-line is blocked by the lower support at 3315. Those going north near 3300 can pay attention to this support, set a stop-loss for defense, and first look at the key resistance level of 3380 to 3400. If it does not break, one can exit and consider going south.

Short-term reference:

The first entry point for going north is between 3300 and 3250, with a defense at 3200, stop-loss of 50 points, and a target of 3370 to 3420. If it breaks, look at 3450 to 3500.

The second entry point for going north is between 3150 and 3100, with a defense at 3050, stop-loss of 50 points, and a target of 3200 to 3250. If it breaks, look at 3300.

Entry point for going south is between 3380 and 3420, with a defense at 3470 to 3520, stop-loss of 50 points, and a target of 3330 to 3280. If it breaks, look at 3230.

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