2026-01-08 02:32:44

Looking at the four-hour K-line of Ethereum, the situation is quite interesting. After breaking above the upper Bollinger Band, it started to fall back, and now it has broken below the middle band, with the center of gravity continuously shifting downward, leaning towards the lower band. The entire Bollinger Band is narrowing, indicating a downward trend. Technical indicators are weakening across the board, and the overall trend clearly favors the bears.

The current approach is as follows: when it rebounds to the 3170–3190 area, there is a more obvious shorting opportunity to focus on. If it can break downward, the next step is to see if the 3100–3070 level can hold. The overall rhythm leans downward, but attention should also be paid to the strength of the rebound to avoid being lured into long positions.

ETH-1.2%

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BlockchainGriller

· 01-08 02:59

Another wave of trap-induced bullish signals, it's really uncomfortable to watch. The bears are quite fierce this time; if 3170 doesn't break, I'll admit defeat. The Bollinger Bands are narrowing downward, this rhythm is indeed a bit desperate. Rebound and then crash, old trick, brother. Stop talking, I've already cut my losses at 3190. Can it drop to 3070 this time? Feels risky. All indicators are weakening; how else can we play? Trap setup? I bet 5 bucks it won't break through 3180. Breaking the middle band straight to the lower band, that's pretty harsh.

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OnchainHolmes

· 01-08 02:59

Going short again, this routine feels a bit familiar How long can the current downtrend last? It looks uncomfortable Is the 3170 level really critical? Feels like all traps The classic trap of inducing buy stops is back, so tiring When the Bollinger Bands narrow, does it necessarily mean a drop? Not necessarily Hopefully, this time it won't reverse again, bro

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WalletAnxietyPatient

· 01-08 02:51

You're trying to lure more buyers again, huh? I don't buy into this trick.

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MysteryBoxBuster

· 01-08 02:33

Bollinger Bands are narrowing and dropping, this rhythm is indeed not good --- 3170 might be the real short-seller's sniping point, we need to watch closely --- Trap buying is really hard to defend against, everyone who has been burned knows --- Whether the lower band can hold is the key, breaking below would be really dangerous --- All technical indicators are weakening, what does that mean? It means it's time to reduce positions --- If the rebound suddenly gains strength, I will run immediately, learned my lesson --- If 3100–3070 can't hold, what should we do? Are there any supports later on? --- The current market is like preparing for a high-altitude parachute jump, wait for the rebound to short --- Damn, I was scared by the risk of trap buying again, I must be cautious

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