12.11 Ethereum market analysis and operation strategy reference:

From the daily line, Ethereum closed with a big negative line, and the closing price was below the middle track of the Boll band at the daily level, falling below the middle track. The bearish sentiment during the day was strong, but while the market was falling, the basic panel, that is, the moving average, did not keep up with the market, so from the daily line, there was a relatively large room for recovery during the day. While the overall bearish outlook was expected, there might be a rebound before a fall during the day.

Looking at the short-term, the four-hour chart level closed with a bald negative column, which is not a more obvious bottoming signal, so there was no trend reversal in the short term. It is more likely that the bearish market will continue to fall during the early morning. Before the pin-shaped K-line pattern appears at the bottom, be cautious in going long.

To sum up: You can continue to be bearish in the short term, and the overall intraday outlook is also bearish. In terms of operation, it is recommended that you mainly rebound to short, and pay attention to the top pressure of 3750-3830. If the pressure range is not broken, you can continue to be bearish. As for the bottom, you can also consider long positions near 3460 and 3250.