ETH

Review on December 18: ETH showed a strong upward trend yesterday, achieving a false breakout and breaking through the upper band of the Bollinger Bands on the 1-hour chart, then falling back and turning from an uptrend to a downtrend. It broke below the 2800 support level, indicating a pullback, but the pullback was not very strong.
Looking at the 1-hour indicator, the Bollinger Bands are opening downward, corresponding to the range of 2992-2773. The midline is descending, corresponding to a price of 2884, with ETH at approximately 2830.
Moving average indicators: The MA5 and MA10 lines are crossing; MA5 is trending upward, MA10 downward, currently above ETH at approximately 2830-2834. The 30-day moving average is trending downward at around 2905. The 60-day MA is at about 2925, the 120-day MA at 3016, the 240-day MA at 3113; the 360-day MA is at 3106.
MACD: Located below the zero line, indicating a decreasing bearish momentum. The fast line is below the slow line, with a bullish crossover upward.
RSI: 17.5-17.5. The two lines are crossing and currently in the oversold stage.
Resistance levels above: 2860-2884-2920
Support levels below: 2730, 2674
ETH Direction: After a significant decline, it broke below the lower Bollinger Band and is now in a rebound phase, but has not yet effectively broken through the 1-hour MA5 and MA10. There may be a second or third wave of decline.
Summary:
High-altitude strategy: Not provided for now
Low-buy strategy: Long position at 2730, add at 2674
First take-profit point for the high-altitude short:
First take-profit point for the low-buy: 2860. Second 2920