#ETH走势分析 This recent market action just feels unsettling. BTC and ETH failed to hold key levels and are starting to test lower again.

For BTC, after pushing up to around 94,000, it clearly ran out of steam, and both the hourly and 4-hour charts have broken down. Now, the key is whether it can close above 89,500 tomorrow—if it holds that level, things might stabilize for now. Otherwise, the next support is likely that previous low around 93,800.

ETH is holding up a bit better, but the 3,000 mark still looks shaky. There’s support around 2,970; if it can stay above that and consolidate, there’s still a chance for an upward move. But realistically, it’s best to be mentally prepared for further downside.

As for timing, with Christmas approaching, the whole market is pretty cautious. There really aren’t any particularly good opportunities for spot trading—last December was the annual high, so this time of year itself warrants extra caution.

PIPPIN, which I mentioned yesterday, has started to pull back. With no bulls stepping in, the price is naturally drifting lower—this is just the usual profit-taking pattern. Also, the fear once dominated by Luna is creeping back today—LUNA, LUNC, and the pegged USTC all saw brief rebounds that could be short-lived. If you’re shorting, make sure to use stop-losses and don’t go in too heavy.

$ETH