Ethereum December 3rd Market Analysis Reference

(For reference only, not investment advice)

Yesterday's market saw a rapid kill, the pace was quite fierce, basically within the estimated market, it is recommended to hold short positions effectively between 3760-3770, and to ambush long positions between 3575-3585, which successfully got in the car 🚗. The win rate is quite high, I am too lazy to count it, "three words won big" currently only lost 1 position which is still a cost loss (less than 10 points stop loss on one position).

Pay attention to the two positions of 3655 and 3671 in the 1-4 hour market. If the 1-hour doesn't break 3655, the trend looks bullish; if the 4-hour stabilizes above 3671, it looks like resonance bullish, and there is a high probability of a bullish market.

If it breaks below 3655, look for shorts, just pay attention to the support levels nearby.

A short-term long can be considered if the 1-hour rebounds and stabilizes around 3610-3618. 3570 remains a key support zone, still closely monitored for any opportunities to return; if it double tests, pay attention to volume and whether the support is effective. If it's effective, no need to hesitate, just go in for a long.

Support levels: 3615-3570-3530

Resistance levels: 3671-3735-3775

Daily support: 3495-3490

Daily resistance: 3680, 3865-3870

Trading requires long-term persistence, have your own trading logic, and do not operate blindly. You must stick to reviewing and summarizing, be good at finding patterns, and believe that the next big player is you! Keep it up, everyone! $ETH