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12.18 Ethereum Morning Thoughts
In the short term, the market is dominated by bearish features, with significant capital outflows combined with a breakdown in price trends. The downward momentum will continue to be released. Unless there is a major positive catalyst or large-scale capital inflow to support, the price will continue to test lower support levels, potentially triggering a new round of accelerated decline.
Ethereum is recommended around 2850, 2880, with a target of 2720.