#加密生态动态追踪 Can the key level at 2900 hold? The answer in a bear market might be quite harsh

Honestly, this decline isn't over yet. The market is still stuck in the bear market swamp, and there are no signs of reversal in the short term. The most painful part is that the expectation of rate cuts, once realized, has become a reason for selling off — this is the distortion of a bear market.

The combined pressures are overwhelming. End-of-year project teams are concentrating on selling, large institutions are repeatedly offloading, and $ETH is still experiencing continuous net outflows... The liquidity is extremely weak, and traders' confidence has long been drained. Trading volume on the charts is getting smaller and smaller, and the trend is becoming increasingly powerless, like a dead water pool.

Looking at the technical side, the price is repeatedly hovering around 2900, unable to produce a decent rebound. The consensus is pretty much the same: short-term, we’ll tinker around here, and after digesting the selling pressure, it’s likely we’ll continue to go down.

For short-term traders, here’s how to play:

The bold can try going long at 2918, targeting 2960-3000, but **be sure to set tight stop-losses**. If the price encounters resistance near 2960 and pushes up, reversing to short is also an option, targeting the key resistance above 3030.

In a bear market, there are no big trend-following opportunities. The current game rules are: buy high and sell low, strictly stop-loss, and grind repeatedly. Before real bottom signals appear, staying alive is more important than anything — preserving your principal is the top priority.