2025-12-23 03:31:25

Ethereum has recently hit a stalemate, and my view is to maintain a cautious attitude.

The market is currently stuck around the 3000 level, fluctuating repeatedly. It has tested the resistance level of 3043 multiple times without a real breakthrough, being pushed back each time, and the retracement is also quite significant. From the candlestick pattern, the bullish signals are not obvious, and the market participants' sentiment is in a wait-and-see mode. In this environment, going long carries considerable risk.

My trading ideas are divided into two perspectives:

1. If the upper pressure has not broken through, you can enter a short position around 3043, with a stop loss set at 3146. If we follow this logic, the support points below are seen at 2941 and 2876, where there should be quite a few buyers.

2. If the price unexpectedly breaks through the upper resistance, wait for it to pull back to around 2993 before shorting, with the same stop loss at 3146, and the targets still at 2941 and 2876.

3. If it drops directly to 2833, it may be worth considering picking up bargains here, with a stop loss set below 2739. Enter with a small position, targeting the range of 2927 to 2961, and the remaining position can be set around 2999.

Overall, the current situation still poses more risks than opportunities. Unless we see a clear breakthrough signal, shorting on rallies is still a relatively prudent choice. The news about Ripple's layout of the XRP ecosystem is also worth paying attention to.

ETH-0.78%

XRP-0.95%

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BetterLuckyThanSmart

· 16h ago

I've hit a dead end at 3043, it's really impossible to break through, shorting at highs is very prudent.

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PoolJumper

· 12-23 04:06

3043 is really a tough barrier, it's better to stick to a short positions strategy.

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GameFiCritic

· 12-23 04:06

Level 3043 is indeed interesting, but I still feel that the incentive model for shorting right now is a bit off, as the risk compensation is insufficient.

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NewPumpamentals

· 12-23 04:05

The hurdle of 3043 is really tough; I get knocked back every time. Now, those who dare to chase rising prices are truly brave!

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bridge_anxiety

· 12-23 04:02

3043 has been stuck at this level, feeling like it will continue to fluctuate for a while. --- Let's wait for a breakout signal, acting too quickly now might easily lead to being played people for suckers. --- Shorting at highs is indeed prudent, just afraid of a sudden false breakout that could trap us. --- 2833 is really a good opportunity to pick up some bargains, let's go in with a small position. --- The judgment that risk outweighs opportunity is valid, observing is the safest approach. --- The moves on the XRP side are quite interesting, need to follow up and see. --- Long positions haven't had any highlights these past two days, it's indeed better to be cautious. --- Setting the stop loss at 3146 is still stable, just afraid that the mental barrier might break. --- Can the two support points at 2941 and 2876 hold up? I'm a bit worried. --- It's both fluctuating and observing, this kind of market is really a bit annoying.

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