#比特币流动性 December 24 Ethereum Technical Analysis | Short-term Trading Ideas

Yesterday's bearish signal was confirmed. Looking at the candlestick pattern, ETH's recent weakness is quite evident. With Christmas approaching, market liquidity will significantly decrease, and major moves are unlikely. Those interested can try short-term trading; if not, there's no real regret—taking a break with the trend is a wise choice. The real market action will come after the holiday. Wishing everyone a Merry Christmas Eve!

A deeper look at Ethereum's four-hour candlestick chart shows recent prices oscillating downward, with hardly any bullish candles since December 22, and the highs gradually lowering. The daily chart reveals long upper shadows (like on the 23rd), indicating heavy selling pressure above.

On the MACD indicator, both DIF and DEA are still below the zero line, suggesting the bearish momentum is still strengthening. However, the histogram is shrinking, hinting at a possible short-term rebound. The RSI is currently at 42.72, in the weak zone but not yet oversold, so the market still leans bearish.

The EMA arrangement is also clear—7, 30, and 120-day EMAs are all in a bearish alignment. The 7-day EMA has just crossed below the 30-day, making the short-term resistance level obvious. The price is now below all moving averages, indicating a complete downtrend. Trading volume on the 24th has significantly decreased, showing a cooling market compared to previous days, with cautious capital attitude; but the large volume drop on the 23rd clearly indicates bears are in control, with funds fleeing.

**Short-term trading ideas:** Consider short positions around 2930-2940 for ETH, targeting 2900, 2870, and 2850 zones. $ETH $BTC