#美国就业数据表现强劲超出预期 Japan's rate hike landing, this week those several looming bearish events have all been resolved. The market's reaction is quite interesting—a typical pattern of a bearish move fully playing out followed by a rebound.



ETH is currently stuck in the short-term oscillation range of 2880 to 2930. The short-term bearish pressure has indeed eased, but how far the rebound can go depends on two key factors: one is whether it can truly break through the 2930 to 2960 resistance with increased volume, and the other is whether the daily technical indicators can keep up with the recovery.

Next, it is likely to continue fluctuating above 2880, attempting to test the resistance at 2930 to 2960. If you see it stabilize above 2930, then the rebound might have a chance to approach the psychological level of 3000.

But be cautious—if the rebound stalls in the 2930 to 2960 zone or if the hourly chart shows long upper shadows, then prepare for the next wave of pullback, as the larger-scale bottoming process is not yet complete. Conversely, if a breakout occurs with volume support, the short-term trend could turn stronger.
ETH-0.48%
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TokenSleuthvip
· 12-19 07:12
When the bearish sentiment is fully priced in, a rebound follows. This tactic has been used for years and still works well. Only after stabilizing at 2930 do I dare to look at 3000; otherwise, it just looks like a weak rebound.
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HashRatePhilosophervip
· 12-19 07:11
Bearish signals are exhausted and the market rebounds. This routine is old and stale; the key is whether the trading volume can keep up. --- The 2930 level cannot be broken, and any rebound is just superficial. A correction is inevitable sooner or later. --- Stuck oscillating within this range, it's really frustrating. Waiting to see if 3000 can be reached. --- As soon as the upper shadow appears, I knew it was over. The bottoming process is still early. --- Don't fake a rebound with insufficient volume; it's a waste of time. Wait for big orders to enter. --- Stabilize above 2930 and then aim for 3000? That's wishful thinking. The current market isn't that strong. --- Daily indicators can't be repaired; a rebound is just a joke. It's still a bearish market. --- Only a breakout with volume is reliable; no-volume moves are just tricks to trigger stop-losses. --- As soon as stagflation appears, run immediately. Don't waste time fighting it; the next correction will definitely be deeper. --- All the events this week are over. Instead, I have a feeling that a storm is brewing.
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MainnetDelayedAgainvip
· 12-19 07:08
According to the database, we have already performed the "bearish sentiment exhausted and rebound" script at least 27 times... The fluctuation from 2880 to 2930, I bet five cents it will swing for another three to five days. The project team's technical indicator repair has been postponed for the nth time.
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