$ETH is currently in a critical price range. For long positions at the lower levels, consider entering lightly around 3120-3130, with a stop loss set below 3100. The short-term target is between 3180-3200. If this level breaks, the extension could reach higher levels around 3240-3260.
Conversely, for short positions at higher levels, consider a light position around 3180-3200, with a stop loss moved above 3220. The first target is a pullback to 3130-3120. If this level breaks, look further down to support at 3100-3080.
This morning's market shows mainly sideways consolidation at the lower levels, repeatedly testing the bottom near 3160. After touching a low of 3124 in the early hours, there was a rebound, but when approaching 3180, it encountered significant resistance and then turned downward. This pattern is a technical adjustment at a high level, not a trend reversal signal. From the early morning bottoming out to the weak rebound, both bulls and bears are still in a tug-of-war, and no clear direction has formed yet.
Key support is around 3120, and resistance is near 3180. These two levels are important references for short-term trading.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
8
Repost
Share
Comment
0/400
MevTears
· 01-11 01:51
The 3120 level is really intense, both bulls and bears are fighting hard here. Let's see who blinks first.
View OriginalReply0
TrustlessMaximalist
· 01-10 23:54
This wave from 3120-3130 still seems to be oscillating, with both bulls and bears testing the bottom line.
View OriginalReply0
FOMOrektGuy
· 01-10 23:42
Another grind in the market, fluctuating between 3120-3180, it's just annoying to watch. Neither bulls nor bears have confidence, and this is when it's easiest to get trapped.
View OriginalReply0
ChainDoctor
· 01-08 03:50
You must hold the 3120 level, or else you'll have to break through it.
View OriginalReply0
CryptoPhoenix
· 01-08 03:49
3120 is back again. Is this really the moment of Nirvana? I'm a bit scared.
---
Oh my God, it's another tug-of-war. When will we see a clear direction? My mindset is collapsing.
---
Wait, if 3180 can't be broken, I still have to keep holding on. This frustrating market.
---
There's still hope for a rebound after the early morning dip, but I'm worried 3120 will continue to fall, and that would be really painful.
---
Honestly, this kind of repeated bottoming pattern tests faith the most. I've convinced myself many times during the bottom zone accumulation story.
---
The opportunity is right in front of us, but we have to survive until that moment. How are you setting your stop-losses?
---
It's a tug-of-war between bulls and bears. No one is confident. That's why I only dare to hold a small position.
---
3180 is a key resistance. Breaking it would be a signal of value return. Keep going, and wait.
View OriginalReply0
BugBountyHunter
· 01-08 03:41
This threshold of 3120 is going to be rubbed repeatedly again, feeling like neither bulls nor bears have any confidence.
View OriginalReply0
VibesOverCharts
· 01-08 03:40
This 3120 hurdle has been faced several times; it still seems that whether 3100 can hold is what really matters.
View OriginalReply0
GasGuru
· 01-08 03:40
3120 has been a tug-of-war for so long; it seems we still need to wait for the 3100 break to confirm the direction.
#密码资产动态追踪 Ethereum morning technical review:
$ETH is currently in a critical price range. For long positions at the lower levels, consider entering lightly around 3120-3130, with a stop loss set below 3100. The short-term target is between 3180-3200. If this level breaks, the extension could reach higher levels around 3240-3260.
Conversely, for short positions at higher levels, consider a light position around 3180-3200, with a stop loss moved above 3220. The first target is a pullback to 3130-3120. If this level breaks, look further down to support at 3100-3080.
This morning's market shows mainly sideways consolidation at the lower levels, repeatedly testing the bottom near 3160. After touching a low of 3124 in the early hours, there was a rebound, but when approaching 3180, it encountered significant resistance and then turned downward. This pattern is a technical adjustment at a high level, not a trend reversal signal. From the early morning bottoming out to the weak rebound, both bulls and bears are still in a tug-of-war, and no clear direction has formed yet.
Key support is around 3120, and resistance is near 3180. These two levels are important references for short-term trading.