#美联储重启降息步伐 $ETH The early market trend today is quite interesting.



Looking at the technical side, the price has reached the upper Bollinger Band. After this round of continuous rallies, it's clearly staying at the top of the channel, and the overbought signal is very clear. Upper band resistance combined with overbought confluence—when this combination appears, the bulls are basically running out of steam. After such a sharp short-term rise, it's time to take a break. A pullback to the middle Bollinger Band for correction is a high-probability event.

My idea is: you can consider building short positions in the 3250 to 3300 range. The initial target is 3180, and if that breaks, aim for 3130.

Of course, keep an eye on the Fed's pace of restarting rate cuts. Any macro changes could disrupt the technical analysis at any time.
ETH-4.61%
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0xInsomniavip
· 12-04 12:24
Staying at the top of the Bollinger Bands is basically giving a short signal. A short position at 3250 is definitely worth setting up.
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DEXRobinHoodvip
· 12-04 02:10
The top of the Bollinger Bands is indeed prone to a plunge, but if the Fed really implements this rate cut, technical analysis won't matter much. --- 3250 short? I think it's worth a bet, but let's wait for the macro news to be confirmed first. --- Another Bollinger Bands overbought situation, this pattern is so played out. The key is still the Fed's stance. --- The resistance at the upper band is so obvious, bulls basically have no chance—it’s just a matter of seeing how far it drops. --- Once rate cut expectations are out, all technical analysis is meaningless. ETH is bound to have a black swan event this time. --- It only counts if 3180 is truly broken. It's too early to say now.
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LiquidityHuntervip
· 12-04 02:00
Staying at the top of the Bollinger Bands, it’s definitely time to take a break with this round. For short positions, the iron rule is: don’t act unless 3300 is broken.
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ser_we_are_earlyvip
· 12-04 01:57
Still hovering at the top of the Bollinger Bands, the bulls really have no strength left... But if the Fed makes a move, all the technical analysis will have to be thrown out the window.
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