2025-12-12 21:20:56

Looking at the Ethereum market, the situation is not very optimistic. Increased volume led to a break below all short-term moving averages, the MACD indicator remains in negative territory with signs of widening, and the bearish momentum is still continuing.

Over the weekend, U.S. stocks were closed with no external buying support; next week, the Bank of Japan's rate hike is virtually certain, which will trigger a large-scale unwinding of yen carry trades. Global risk assets will face liquidity drainage pressure.

From a technical perspective, it is expected to first test the 3000 level at the beginning of the week, with the initial downward target set between 2880 and 2920. If the Bank of Japan's stance becomes more hawkish, in an extreme case, the bottom could be around 2750.

If you want to catch a rebound, don't rush to enter; wait until the 3150 to 3180 area to short, with a stop-loss set at 3220. Spot traders should patiently wait until around 2800 to start scaling in, and if it breaks below 2600, it's time to admit defeat.

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SchrodingerAirdrop

· 12-15 20:05

If the Bank of Japan is really hawkish this wave, we spot parties are afraid that we will have to be stabbed again... Around 2800, I have ready bullets, let's see if I can make it there

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StakeOrRegret

· 12-15 16:13

The Bank of Japan's recent actions are really causing trouble; liquidity absorption is still ongoing. --- 2800 is the real strategic point; buying in now is just giving away money. --- Starting to talk about technical analysis again; we're just waiting to be crushed. --- I remember the stop-loss at 3220, but I can't outbet the institutions. --- Breaking 3000 early in the week is basically a done deal; the question is whether it can rebound or not. --- Spot traders are really having a hard time; the bear market isn't over. --- Bottom fishing for a rebound? I advise you to stay calm; the Bank of Japan hasn't spoken yet. --- Even at 2750, it's not surprising; in extreme market conditions, there's no bottom. --- MACD looks like this, and you're still thinking of a rebound? You're overestimating it. --- During the global risk asset bloodbath, taking profits and running is the way to go. --- Below 2600, it's really time to cut; don't think about picking up bargains.

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MEVvictim

· 12-15 14:47

The BOJ's move is really brilliant. If the carry trade explodes and liquidity is drained, it might really drop this week. Wait, surrender below 2600? I've already surrendered at 1200... I think trying around the 3150 area is possible, but a stop loss at 3220 feels a bit tight.

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0xOverleveraged

· 12-12 21:46

When the Bank of Japan makes a move, global assets have to suffer along, I've seen this pattern many times Don't ask me how I know, it was the same last time, with heavy losses... This 2600 level really must not be broken; if it is, I'll liquidate everything and just relax

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MissedTheBoat

· 12-12 21:40

The Bank of Japan's move is really clever, they're about to be cut again. Should have known to sell over the weekend.

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BearMarketBuilder

· 12-12 21:38

The BOJ move was really brilliant, directly dragging down all global assets. Let's see the real move on Monday, can the 3000 hold out? --- It's another weekend market halt, which is the easiest time to be cut. I dare not move now, wait for the signal. --- I'm watching the 2880 level, but I feel it might break straight through... What do you guys think? --- Big players waiting for 2800 are really smart, unlike me chasing highs on Friday😅 --- Honestly, the BOJ unwinding was scary; I never thought it could be so aggressive. --- Stop-loss at 3220? Feels too tight, easy to be washed out. --- MACD is already black, yet still daring to short... I, as an exposed trader, don't deserve this. --- Let's wait and see what the BOJ says next Sunday; this wave might really drop to 2750.

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ReverseTradingGuru

· 12-12 21:36

The Bank of Japan's recent moves are really about to stir things up again, relying on the yen's performance... By the way, is this recent decline driven more by technical factors or fundamentals? --- Is 2800 really the bottom? Seems like we need to wait and see. --- The volume surge breaking through all moving averages is a bit unsettling; the bears are still gaining momentum. --- No buying support over the weekend makes things complicated already, and now we have to worry about the BOJ's hawkish remarks. This week is going to be tough. --- Breaking the 3000 threshold is really critical; if it breaks, we might head straight to 2880. --- Someone tell me why the MACD is still expanding; this rhythm feels off. --- Instead of catching the bottom, waiting for 2800 might be better. Entering now is just a gift to 💰. --- The yen carry trade unwinding is catastrophic, and global liquidity is being drained. --- Tight stop-loss at 3220 seems too risky; it might get stopped out with one move. --- In extreme cases, look at 2750... Just thinking about it is heartbreaking. Spot holdings still need to be patient.

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