The short-term trend of ETH indeed shows some signs of weakness. The price has already fallen below the 30-day moving average at 3211, dropping to below the middle Bollinger Band at 3185, clearly indicating that the bears are gaining momentum.



Although the MACD has shown a golden cross, its position is relatively low, just below the zero line, with insufficient rebound strength. The trading volume has shrunk to 42.8k, far below the 5-day average volume of 98.9k, indicating that market participants are mostly on the sidelines, with few willing to enter aggressively, resulting in a rather quiet atmosphere.

Looking at key levels: on the resistance side, in the short term, the price is stuck around the area where the 30-day moving average at 3211 and the middle Bollinger Band at 3185 overlap. If this hurdle cannot be overcome, the downside may continue. Above that are the upper Bollinger Band at 3260 and the previous high at 3308; breaking through these levels requires increased volume. On the support side, recent support is near the 7-day moving average at 3155 and the upper boundary of the accumulation zone. If this support is broken, the decline could accelerate. The more critical line is the lower Bollinger Band at 3110, and further down are the psychological levels at 3050 to 3000. If these cannot hold, the price may probe lower.

There are three possible scenarios for the upcoming movement:
1. Repeated oscillation at the bottom, requiring holding at 3155 and a volume breakout above 3185, targeting the 3185 to 3260 range. This scenario has a three-star probability.
2. Continued decline, if volume breaks below 3155 and MACD turns bearish, with targets at 3110 to 3050. This scenario has a higher probability, rated four stars.
3. A strong reversal, with daily volume exceeding 200k and the price rising above 3260, aiming for above 3300, but this scenario is less likely, with two stars.

From a trading perspective, current volume is still insufficient, and the direction is not clear enough. It is advisable not to rush into building positions. Wait until the price clearly breaks above 3185 or drops below 3155 before making a decision. If you already hold long positions, set a stop-loss at 3155. Those looking to short can try a small position in the 3185 to 3211 range, with a stop-loss above 3260. The two key points to watch are whether trading volume can rebound above 100k and whether the MACD can stay above the zero line.
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PerpetualLongervip
· 01-11 01:19
Ah, it dropped again... The bears are messing around again, but it doesn't matter. This is the final bottom-fishing opportunity. I'll add to my position if it stays above 3155. Faith must not waver.
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SybilAttackVictimvip
· 01-10 15:29
It's dropping again and again. My long positions are really about to be wiped out... Wait, with such sluggish volume, it feels like the bottom hasn't even been reached yet.
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SignatureLiquidatorvip
· 01-08 03:01
Trying repeatedly around the 3155 level again, can't we just choose a direction directly? If we keep wasting time like this, no one will make any money.
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WalletDoomsDayvip
· 01-08 02:56
With such weak volume, do you still expect a rebound? Wake up, everyone. --- Breaking below 3155 means you have to take off your pants; this wave is indeed fierce. --- If you can't hold your psychological price level, it will be heartbreaking. When that time comes, you'll have nowhere to cry. --- Those building positions now are either brave or just fools. --- MACD is still in the basement; a rebound is just nonsense. Let's wait and see. --- Once the 3050 level is lost, the bottomless pit is below. --- I believe in the four-star decline; as for the three-star rebound, I just lol. --- With such poor trading volume, a reversal is simply impossible. Don't even think about it. --- Is it about increasing volume or price? You can't have both stagnant, right? --- Looking at these data, it's better to go to sleep and wait for news. --- Trying a light short position is fine, but I'm worried it might backfire. --- Does this market look comfortable to everyone? Anyway, I'm tired of watching it.
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Anon4461vip
· 01-08 02:41
Looking at the market, I feel a bit hopeless. With such sluggish volume, how can there be a reversal? It seems like we still need to go further down.
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