2025-12-17 23:31:40

#BinanceABCs December 18 Market Analysis

Ethereum bulls have weakened, and short-term bearish signals are clear. A rebound within the day is a good opportunity to short.

First, look at the daily chart: the price hit the EMA15 resistance level around 3050 and then turned down, with a high of only 3030 and a low of 2832. The volume on the MACD is shrinking, DIF and DEA have already formed a death cross, and the KDJ indicator is also diverging downward. The middle band of the Bollinger Bands at 3060 is acting as resistance, with support at the lower band around 2800. Multiple indicators collectively signal bearishness.

Next, the 4-hour chart: the previous low of 2870 was broken, and now 2850 is consolidating sideways. The EMA15 line is pressing at 2956, and the rebound was blocked. MACD shows a bullish divergence at the bottom, while volume is also shrinking. The lower Bollinger Band at 2825 continues to support.

In terms of trading strategy, consider shorting Ethereum in the regions of 2885 and 2945, with initial targets at 2780, and further down at around 2650.

$BTC $ETH $BNB

ETH-1,16%

BTC-0,64%

BNB1,17%

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ETHmaxi_NoFilter

· 2025-12-19 20:15

It's another standard death cross signal. Haven't we seen this trick enough times? A rebound to 3050 would be my target point.

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AirdropChaser

· 2025-12-19 11:07

ETH's recent move has indeed opened up space. Entering short at 2885 was not a mistake. The key is whether it can break through the 2800 level.

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zkProofGremlin

· 2025-12-18 20:18

Damn, it's another standard death cross setup... But this time, the volume really seems to be waning, and the 2945 level definitely looks like a good shorting point.

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NFTFreezer

· 2025-12-18 00:02

Looking bearish again, is the downside really that large this time? I feel like the 2850 level might be the bottom.

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StablecoinArbitrageur

· 2025-12-17 23:58

actually, the divergence here is textbook but you're ignoring slippage on the shorts... 2% gas fees alone would kill your r:r ratio if eth bounces from 2825

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DAOTruant

· 2025-12-17 23:56

Hmm... Looking at this death cross, it seems ETH is really going to drop, but I'm still a bit hesitant about shorting at 2945, worried about a rebound crushing me.

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SadMoneyMeow

· 2025-12-17 23:44

Another round of a bear market. ETH really has no strength this time. 2945 does seem to have some fate with the bears. Want to take a gamble and try?

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BlockImposter

· 2025-12-17 23:39

Oh no, another bearish signal. If this drop hits 2650, I really have to eat noodles.

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