Ethereum, after experiencing a previous Rebound, peaked around $4200 on November 3 and subsequently fell back, with the trend continuing to weaken. The price has consecutively breached key integer levels of 4000 and 3900, and is now below $3800, forming a clear short positions trend with higher highs and lower lows.

The current technical outlook is completely bearish, with key moving averages (EMA21, EMA55, EMA144) forming a short positions arrangement, continuously suppressing price rebounds. Although the RSI indicator has entered the oversold zone, its lows are synchronized with new price lows, and no effective bullish divergence signal has appeared, indicating that the downward momentum has not yet weakened. At the same time, the volume characteristics show signs of increasing volume in recent declines, enhancing the credibility of the short positions.
Overall, the downtrend on the 4-hour level is clear, and no reliable signs of a bottom have emerged yet. The operation should mainly focus on shorting during price rallies, paying attention to potential resistance opportunities when the price rebounds to around $3767 (EMA21) or the $3800 level. It is not advisable to blindly catch a falling knife before the price effectively breaks below the previous low of $3599.64 or shows a clear bottom structure (such as RSI divergence). #十二月降息预测

Ether strategy: short positions near 3610, target 3550
Bitcoin strategy: short around 106800, target 105300