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#ETH December 2nd ETH market update: long positions generate higher trade volumes and trigger a rebound, precise layout for evening short order under the oscillating pattern!


1. Market Review: Intense tug-of-war between long positions and short orders, the oscillation rhythm remains unchanged.
The intraday ETH long positions are showing strong momentum, with prices oscillating upward all the way, successfully returning to around 2830 for consolidation, overall exhibiting the characteristics of a "quick drop followed by a quick recovery."
• 4-hour chart: Continuous bullish rebound at low levels, recapturing nearly half of the previous losses in one go, with a fast reversal speed for both long positions and short order; the gains and losses at the key critical point will directly change the current rhythm.
• Daily level: The Bollinger Bands continue to narrow, indicating a clear maintenance of a wide range oscillation in the short term. The core of the operation still needs to focus on "selling high and buying low within the range", adhering to the principle of "priority on points, trend deferred".
2. Evening operation strategy: focus on shorting during the rebound, with clear and executable targets.
Based on the current oscillation pattern, the evening operation suggestion focuses on "Rebound short order", the specific strategy is as follows:
• Entry range: around 2880-2910
• Target range: 2750-2700 range
• Position Reminder: Previous high-level short orders can continue to be held, closely monitor changes at key levels, and grasp profits in line with the oscillation rhythm!
ETH-1.95%
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