# December 4th ETH Midday Trading Strategy

Ethereum's price action today is quite interesting, so let me walk you through the key levels.

**Short-term trading plan:**

If the 3224 level breaks upward with strong volume, consider going long on the right side, but remember to set a stop loss—don’t try to hold against the market. If 3204 breaks down with volume, follow the trend and go short to capitalize on the pullback, and make sure to set a stop loss.

If price pulls back to around 3149 and confirms effective support, you can open a small long position; if it breaks below 3098, admit defeat and exit. On the hourly chart, if ETH can hold above 3250, the upside opens up to 3277-3315. If it reaches 3315, you can try a short position; if it breaks above 3355, stop out immediately.

There’s a left-side wick opportunity: you can place a long order at 3029, with a stop loss if price falls below 2973.

**Key levels to watch:**
- Upside resistance: 3250 / 3277 / 3315
- Downside support: 3147 / 3100 / 3051

On the 4-hour chart, if 3146 breaks, theoretically look for 3098-3027, but with the current trend, it probably won’t drop that far.

**Key pattern to focus on:**

On the 4-hour chart, there’s a potential seven consecutive bullish candle pattern forming. Note, I said “potential” because the current 4-hour candle isn’t closed yet. You have to wait for the noon candle to close; if it’s the seventh consecutive bullish candle, don’t hesitate—go long on the right side.

Why? Because historical data shows that after seven consecutive bullish candles, the eighth candle has an 80% probability of being a strong bullish move, shooting straight to the next resistance level (that’s the yellow arrow on the chart).

But if the noon candle closes as a bearish candle, then this pattern fails and you don’t need to chase. Go long if it’s bullish—hesitation means you’ll miss the opportunity.

I won’t go into other timeframes—just watch whether this 4-hour pattern forms. That’s it!