ETH Trend Observation on December 7: I personally believe there is a possibility of a downside breakout tonight, with attention on the 2900 level.

My short positions have already been fully set up, just waiting for this round of acceleration tonight. The current market structure is quite fragile—once it breaks below the consolidation range, the momentum could be very strong. If there’s another bull trap around 2960, it’s highly likely to break straight through 2870. My take-profit target isn’t far off; a bit of acceleration should get us there.

Special Reminder: Absolutely do not try to catch the bottom. Once this downward momentum is unleashed, it can easily trigger a chain reaction of panic selling. If a large number of bottom-fishing orders suddenly flood in at a support level, it could actually become an accelerator, and there’s even a chance of seeing a deep V-shaped move.