ETH

Review on December 18: Yesterday, the price attempted to break above 3000 but faced resistance and failed. Then, a significant decline followed. From the 4-hour chart, there was no effective stabilization above the Ma30 short-term resistance, leading to a drop to the lower band of the Bollinger Bands. Currently, the rebound is not very strong, and further decline is expected.
Looking at the 1-hour indicator for ETH, the Bollinger Bands are opening downward, corresponding to the range of 2964-2750. The midline downward trend corresponds to a price of 2856, with ETH at 2823.
Moving averages: The ma5 and ma10 lines are crossing and are now above ETH, corresponding to prices of 2830. The 30-day moving average is trending downward at 2847. The 60-day MA is at 2887, the 120-day MA at 2966, the 240-day MA at 3085, and the 360-day MA at 3088.
MACD: Located below the zero axis, showing a decreasing bearish momentum. The double lines still have a downward trend.
RSI: 24-24. The double lines are crossing in an oversold phase.
Resistance levels: 2840-2876-2978
Support levels: 2730-2675-2622
ETH Direction: Currently expected to move sideways in a short-term consolidation with a downward bias.
Summary:
High shorting strategy: Not provided for now.
Low long strategy: Long position at 2730, add at 2675.
First take-profit point for short position: 2840.
First take-profit point for long position: 2876.