2025-12-12 10:20:27

Ethereum dropped to the 3140 level last night, exactly supported by the daily 21 and 25 moving averages. The price has now quickly rebounded to around 3250. If you haven't entered yet, you might consider taking a look.

From a technical perspective, if it continues to break upwards, the daily chart will re-enter the overbought zone. This means short positions are relatively safer, while long positions should always be wary of the downside risk. Currently, focus on the contest between the EMA21 and EMA25 at the 314-315 level, which is a critical battleground area.

Overall, it still depends on your risk preference when choosing a strategy. Maintain vigilance during an uptrend, and look for support and rebounds during a decline—that's a more prudent approach.

ETH-3.66%

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BlockchainWorker

· 12-12 10:49

The 3140 support indeed hasn't broken, but the rebound to 3250 still feels a bit weak. Really need to keep a close watch on 314-315, or it's easy to get caught in a trap.

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WalletDetective

· 12-12 10:49

That wave of 3140 dropped quite sharply, but buddy, your analysis is still cautious. You're overbought but still daring to boast about a breakout.

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CountdownToBroke

· 12-12 10:46

3140, once again missed the bottom this time, almost there every time.

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TestnetNomad