New Year's Eve Ethereum Layout on December 31:
Ethereum rose from a low of 4100 on the 17th to 3100, starting to rebound. However, after half a month of buildup, it has yet to break through 3600. After touching 3100, it began to move upwards. For nearly half a month, it has been oscillating around 3200-3500. From a long-term perspective, Ethereum being above 4000 will require a significant amount of time.
The following trend will continue to oscillate, with both bulls and bears in a state of stalemate. The market has been experiencing mutual destruction, and it is expected that there will be a wave of induced buying in the evening. The market situation will first rise and then fall. The direction for Ethereum is correct, but the entry point was missed. Today, I will adjust the position for everyone. Let's see tonight whether I have fallen into an ambush or if I have ambushed a piece of Cullinan!
Shorting Ethereum strategy: Short around 3463-3493
First tier targets: 3403-3433
Second tier targets: 3343-3373
Pattern position: 3243
Supplementary buying position: To be determined in the comments