12-01 Afternoon Market Insights

Currently around ETH2815, Ethereum has experienced a significant drop in volume after a peak rebound in the high range of 3040–3060, breaking through multiple supports (mid-track, lower track, MA) in the short term, reaching a low of 2805. The price is currently stabilizing in the range of 2800–2830, showing signals of an oversold bottoming out. Market rhythm: rapid sell-off, lower track bottoming out, in the process of elastic recovery.

BOLL: The upper band is at 3137, the middle band is at 2975, and the lower band is at 2814; the Bollinger Bands are rapidly widening downwards, indicating violent fluctuations and that the market has just experienced a "volume-driven sell-off." The current price is close to the lower band, showing a short-term oversold condition. If 2800 can stabilize, there will be a demand for a rebound; if it falls below 2810 and continues to increase in volume, it may revisit the previous low range (2750–2720). A short-term drop to the Bollinger lower band has rebound expectations, but the overall trend remains bearish.
MACD: DIF: -48.50 DEA: -25.52 Histogram: Red turning green, with a noticeable volume drop. The MACD dual lines are significantly declining and continuing to increase in volume, indicating strong bearish energy release; currently, the histogram shows signs of shortening, suggesting that the downward momentum is beginning to weaken. If the subsequent green bars continue to shorten, there is hope for a bullish crossover signal at the bottom. Bears are dominant, but the energy release is nearing its end.

Long position
Entry point: 2790– 2810
Target range: 2860–2900
Stop loss position: If it falls below the 2770 level, you may consider exiting directly.

Short position
Entry points: 2880 – 2910 retracement meets resistance
Target range: 2830-2790
Stop-loss position: A substantial breakout above 2935 could be considered for exiting the position.

After a short-term sharp decline, ETH has entered a recovery phase.
The rebound space is limited, and the main strategy is to maintain "mainly short on rebounds, with short-term longs as a supplement."
Key interval: 2790–2910, quick in and out is advisable.