Evening Insights 12-01

Currently, ETH is around 2836, and ETH continues its downward momentum today, plummeting from the 3040 level to the 2800 range in a short time, with a decline of over 7%, marking one of the largest daily drops in recent times. The current price is stabilizing in the 2820–2840 range, showing a weak stop-loss oscillation pattern. On the market, bulls are clearly shrinking, while the release of bearish momentum is nearing its end, but the rebound strength is limited. Market rhythm: sharp drop releases, lower boundary sideways, elastic recovery in progress.
Long position
Entry Points: 2810– 2790
Target range: 2860–2910
Stop-loss position: You may consider exiting directly if it falls below the 2765 level.
Short Position
Entry point: 2880 – 2910 retracement meets resistance
Target range: 2830-2790
Stop-loss position: A significant breakout above 2930 can be considered for a stop-loss exit.
After the sharp decline of ETH, it has stabilized, and technical recovery has begun.
Short-term view for range rebound, key range 2790–2910 USDT,
The operation focuses on low long positions and high short positions, with quick entries and exits. #加密市场回调 $ETH