Ethereum market scan for December 9 is here.

Looking at the larger timeframe, the weekly chart has already broken downward, and the 5-day moving average is also trending down. However, the 3-day chart is showing a bottoming pattern, and both the 2-day and 1-day charts are in the bottoming phase. The 12-hour K-line has crossed upward, but the moving average system hasn’t stabilized yet, making this position a bit awkward.

The short-term timeframes are a bit more interesting: the 4-hour, 6-hour, and 8-hour charts have all moved above the MACD and moving averages. If these timeframes can resonate together, there could be a swing opportunity. However, the 1-hour chart has already formed a death cross, so whether the 15-minute and 30-minute charts can form an entry pattern remains to be seen.

Key levels to watch: resistance at 3140, 3187, 3230, and 3280; support at 3094, 3063, 3024, and 2987.

Looking at market sentiment data: ETH long-short ratio is 1.71, fear index is only 20, and in actual trading, long and short positions are at 51 to 49, with the overall market split evenly at 50:50.

As the saying goes—don’t act without a pattern, don’t open a position without a stop loss. The above is purely my personal market observation and does not constitute any trading advice.