2025-12-25 18:21:37

This week, with the Christmas holiday, the crypto market has noticeably cooled down. Ethereum's recent performance has indeed been weak over the past couple of days. As mentioned yesterday, the short-term market is unlikely to stir up much turbulence. If you want to seize the opportunity, taking a light position for short-term trading is still feasible; after Christmas, the market will gradually become clearer. Remember to adjust your positions accordingly, and the previously established short positions on Ethereum have also yielded good results.

Looking at the four-hour chart, the recent trend is quite interesting. On December 23rd, the price experienced a significant drop, bottoming out near 2900, followed by a rebound. Currently, it shows a pattern of oscillation within a range. After a series of consecutive daily bearish candles, a small bullish candle has formed, indicating a short-term sign of stabilization, but there is still considerable resistance above that needs to be broken through.

On the four-hour MACD indicator, both DIF and DEA are operating below the zero line, with DIF slightly lower than DEA. This suggests that the bearish momentum has weakened but has not yet fully reversed. The four-hour RSI reads 47.77, in a neutral to slightly weak zone, indicating a higher probability of continued consolidation in the short term. From the moving averages perspective, the price is currently trading above EMA7 (2941.38) but is being suppressed by EMA30 (2959.36), while EMA120 (3013.14) remains well above, showing an overall bearish trend.

The most noteworthy aspect is the trading volume. On December 25th, the volume significantly shrank compared to previous days, reflecting a cautious market sentiment. Although there are signs of volume increase after the sharp decline, recent data shows a gradual slowdown. The key now is to watch whether the volume can effectively break through the upper resistance level.

For trading opportunities, consider shorting within the 2960-2970 range, with targets around 2920-2880. This type of strategy is quite time-sensitive. For specific operations, it is recommended to follow professional guidance.

ETH0,77%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

ThatsNotARugPull

· 10h ago

Christmas market crash was indeed well planned, and short positions have definitely made a lot of money. Let's wait until after the New Year to see. Currently, this market doesn't have much meaning. The 2960-2970 range can indeed be tried, but I’m still a bit hesitant due to insufficient volume. MACD is below the zero line, and RSI is only around 47. This neutral but slightly weak situation is the easiest to get caught in a trap. Trading volume has shrunk to this level; a rebound breaking 3000 would be considered good, so don’t overthink it. It all comes down to patience. Wait until after the New Year for clearer signals before making big moves. Ethereum has been a gamble these past two days; entering now makes you a bag holder. The drop to around 2900 was fierce, but the rebound is so slow, clearly still recovering. Before the bears turn around, I won’t touch this segment. It feels like everyone is just waiting for the holiday to pass. Trading now is like joining the crowd just for the fun of it.

View OriginalReply0

CryptoComedian

· 12-25 18:51

Christmas holiday no negotiations on my short positions, but I did make some profit on the shorts. Now I'm just waiting for this volatile market to give me another chance to re-enter. With such shrinking volume, it means everyone has gone to eat turkey. I'm also speechless. Enter short at 2960? Alright, anyway losing money is also a Christmas gift, just like sending a greeting card to Binance. RSI 47.77, neutral leaning weak, which translates to I have no idea what to do, right? Wait, the bears are weakening but haven't turned around, which means I'm still lying in bed procrastinating. I dare not move.

View OriginalReply0

MemecoinTrader

· 12-25 18:46

nah bro the real alpha here is reading the *volume collapse* as a pre-dump signal... holiday liquidity void = perfect psyops window, watch how this narrative cascades once retail fomo kicks in post-xmas

Reply0

GhostChainLoyalist

· 12-25 18:39

Christmas holiday slacking off, Ethereum also took a break, and this short position indeed made some profit. Wait until after the New Year, the trading volume is too sluggish now. Enter short at 2960? Feels like we should wait a bit longer, insufficient trading volume. The holiday market is like this, very dull, just play lightly with small positions. The bears haven't turned around yet, keep an eye on it, if it can't break 3013, it will continue to sideways. This week's market is too boring, better take a holiday and rest, don't get caught in a trap.

View OriginalReply0

ContractTester