End-of-year this wave of market activity is indeed quite interesting. Regarding Ethereum's performance these past couple of days, to be honest, it has been somewhat sluggish, and yesterday's short positions were also expected. Have you noticed that with the Christmas holiday this week, market participation has noticeably decreased, with less volatility and overall a calmer market? Short-term traders might consider trying some small positions; if you find it boring, it might be better to take a break for a couple of days. The real market move could start after Christmas.

From a technical perspective, Ethereum's four-hour K-line has been trending downward recently, with continuous bearish candles since December 22nd, and the highs are gradually decreasing. On the daily chart, there are many long upper shadows, especially on the 23rd, indicating significant selling pressure above. In the four-hour cycle, the MACD's DIF and DEA are both oscillating below the zero line, with bearish momentum accumulating. However, the histogram shows signs of shortening, hinting at a possible short-term rebound.

The RSI has now reached 42.72, which is a weak signal and has not entered the oversold zone, suggesting the market still leans bearish. The three EMA lines—7, 30, and 120—are clearly arranged in a bearish pattern. The 7-line recently crossed below the 30-line quickly, indicating short-term resistance. The price is currently below all moving averages, confirming the overall trend remains bearish. Volume on the 24th significantly decreased compared to previous days, reflecting a more cautious market sentiment. On the 23rd, there was a volume-driven decline, with bears fully in control and funds continuing to flow out.

Based on these signals, consider short positions around 2930 to 2940, targeting levels at 2900, 2870, and 2850. It’s advisable to keep positions small, as year-end volatility can lead to unexpected moves.