The Gulf Stream on the Square December 29

Ethereum's move today is really a double kill for both bulls and bears. This morning's live broadcast caught the short positions for gains, and now it's time to take profits without greed! From around 2940, it surged up, but once it broke above 3050, it was hammered down, clearly unable to sustain at high levels, and then fell back to around 2950 to find support. Tonight's script: the key is whether it can hold above 3050. If it rises again and stabilizes above 3050, the target above is around 3130. But if it breaks below the 2890 support level, it might directly test the bottom range of 2780-2700.

In the short term, whether going long or short, position control is essential due to the extreme volatility. With the New Year approaching this week, the market is unlikely to be calm. If it can hold the key levels today, there may be repeated battles before the holiday.