#大户持仓变化 December 16 ETH Market Technical Observation

The past couple of days, ETH's technical signals are not very optimistic, and the bearish sentiment is growing stronger.

Looking at the daily chart, you can feel how much pressure there is — the price has already fallen below MA5, MA10, and MA20, with the three moving averages lined up like a rope pressing down, forming a classic bearish arrangement. Checking the Bollinger Bands, the price is running along the lower band, while the upper and middle bands are also moving downward in sync, making the entire range look like it's being pushed lower.

The 4-hour chart signals are even more obvious: during rebounds, there are always long upper shadows, and trading volume is still shrinking. The bulls have little strength left, and this pattern of falling followed by rebounds is a typical downtrend continuation. The bears are gathering strength, waiting for the next wave.

**Trading Strategy**: Consider shorting around 3000 during a rebound. The first target is 2940; if it breaks below, then look at 2880. The worst-case expectation is 2800. The probability of a breakdown in this move is still quite high.

$ETH