December 6, Nighttime Indicator

Combining 15-minute and 4-hour trend analysis, Ethereum is currently in a weak consolidation pattern. The bearish trend on the 4-hour chart is obvious, while the 15-minute chart shows an oversold rebound demand, but with limited strength.

Best strategy: Stay on the sidelines and wait for the price to break above $3,100 or fall below $3,000 before following the trend. Avoid frequent stop-losses in the current range-bound market.

If you really can't resist the urge to trade, it is recommended to focus on short positions. Set up shorts in the $3,080-$3,100 range, with a strict stop-loss at $3,130 and a target of $3,000-$2,950. Absolutely do not blindly bottom-fish below $3,000 unless there is a clear sign of a bottom.

Remember: In the cryptocurrency market, patiently waiting often protects your capital and improves long-term returns more than frequent trading.

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