ETH



December 7 Market Observation:

The 5-day moving average is consolidating, and the 2-day moving average is retesting the 288 MA level. The 12-hour MACD has just crossed above zero, and the 4- to 6-hour timeframes are moving sideways above the EMA, so a directional move is imminent. A golden cross has appeared below zero on the 2-hour chart, and the 1-hour chart is forming a bottom pattern.

Pay attention to the following resistance levels above: 3094, 3142, 3187, 3231
Support levels to watch below: 3030, 2994, 2970, 2930

Current market sentiment data:
ETH long/short ratio: 1.85, Fear Index: 20 (Extreme Fear Zone)
Spot long/short ratio: 49:51, Overall market long/short ratio: 43:57

As always—no trade without a setup, no position opened without a stop loss.

(The above is my personal review record and does not constitute investment advice.)
ETH-0.43%
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SelfRuggervip
· 2h ago
Extreme fear is still struggling; I’ll only make a move after the pattern is confirmed.
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GasWastervip
· 12-07 21:29
ngl watching that 2hr golden cross while gwei sits at 45... the real price action is the gas fees we paid along the way 💀
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ser_ngmivip
· 12-07 12:51
This extreme fear is actually an opportunity.
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UncommonNPCvip
· 12-07 02:50
Still increasing positions in extreme fear, these people really have a strong mentality.
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LiquidityWitchvip
· 12-07 02:50
It feels like the 3030 barrier is about to be broken. Extreme fear is often a contrarian signal.
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StakeWhisperervip
· 12-07 02:43
Still adding positions during extreme fear, that's a pretty aggressive move.
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SilentObservervip
· 12-07 02:42
Extreme fear is still holding on, but this market really can't hold up anymore, right?
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RumbleValidatorvip
· 12-07 02:39
Long-short ratio of 1.85 paired with extreme fear—there’s a bit of a logical disconnect in this data. The credibility of the verification layer data should be taken with a grain of salt. Will continue to monitor.
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WalletDetectivevip
· 12-07 02:26
Extremely fearful now, the long and short positions are still so uncertain. I have to wait for a clear pattern to emerge before making a move.
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