#ETH走势分析 Ethereum Review on the Night of December 4:
The bottoming out at 2718 at the end of the month is still fresh in our minds, and unexpectedly, the market made a direct V-shaped reversal. This rally covered 500 points, swift and decisive.
From a technical perspective, the 4-hour chart shows consecutive bullish candles breaking above the EMA120 (at 3059), peaking at 3239 before pulling back to 3186. The long upper shadow is obvious—there’s significant resistance at the 3200 psychological level, with many taking profits at this point.
To be honest, the main force’s moves this round are both loveable and frustrating. But since the direction is clear, tonight will most likely repeat yesterday’s pattern: first a wave of fake-out dips to shake out short-term holders, then continued upward momentum.
Yesterday, BTC only offered a 1200-point range, so many may have missed out. Tonight presents another opportunity.
**Trading Strategy Reference:** $ETH Go long in the 3137-3107 range First target: 3197-3167 Second target: 3267-3237 Aggressive target: 3363
Manage your own risk; volatility may be high tonight. If you want to catch this move, be prepared.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
10
Repost
Share
Comment
0/400
VCsSuckMyLiquidity
· 3h ago
The 3200 level really can't hold anymore, looks like another shakeout is coming.
View OriginalReply0
ApeShotFirst
· 12-05 18:54
Here comes the shakeout and fake breakdown trick again, the usual routine... But whether 3200 gets broken or not is the real key.
View OriginalReply0
ProofOfNothing
· 12-04 23:35
Is the 3200 level really that tough? It feels like the main players are repeatedly testing it.
View OriginalReply0
WenMoon42
· 12-04 11:59
The 3200 level is really tough; it feels like there needs to be another round of shakeout.
View OriginalReply0
StrawberryIce
· 12-04 11:56
3200 is stuck firmly, the main players are really impressive this time. Their routine of shaking out and pulling up is played masterfully.
View OriginalReply0
TheMemefather
· 12-04 11:54
3200 really is a hurdle, the main players want to pull the same trick again tonight.
View OriginalReply0
MelonField
· 12-04 11:54
The 3200 level does have significant resistance, but I'm more interested in whether it can break 3300.
View OriginalReply0
MysteryBoxOpener
· 12-04 11:51
The 3200 level really can't hold, the main force keeps testing it repeatedly here, it's so annoying.
View OriginalReply0
PhantomMiner
· 12-04 11:45
Pulled up directly at 500 points, this main force really knows how to play tricks. I was just waiting to be shaken out.
View OriginalReply0
StablecoinEnjoyer
· 12-04 11:37
It’s the same old wash trading script again, it’s really annoying. Is 3200 just a paper tiger?
#ETH走势分析 Ethereum Review on the Night of December 4:
The bottoming out at 2718 at the end of the month is still fresh in our minds, and unexpectedly, the market made a direct V-shaped reversal. This rally covered 500 points, swift and decisive.
From a technical perspective, the 4-hour chart shows consecutive bullish candles breaking above the EMA120 (at 3059), peaking at 3239 before pulling back to 3186. The long upper shadow is obvious—there’s significant resistance at the 3200 psychological level, with many taking profits at this point.
To be honest, the main force’s moves this round are both loveable and frustrating. But since the direction is clear, tonight will most likely repeat yesterday’s pattern: first a wave of fake-out dips to shake out short-term holders, then continued upward momentum.
Yesterday, BTC only offered a 1200-point range, so many may have missed out. Tonight presents another opportunity.
**Trading Strategy Reference:**
$ETH Go long in the 3137-3107 range
First target: 3197-3167
Second target: 3267-3237
Aggressive target: 3363
Manage your own risk; volatility may be high tonight. If you want to catch this move, be prepared.