Just as I opened the market, I saw someone shouting "Ethereum 3120 support held, reversal imminent," and I silently closed the message box.
Many people are watching the slight rise on the 15-minute chart, but the real issue lies in the larger time frame. On the 4-hour chart, the level at 3308 shows a huge resistance line—this is the dividing line for the bulls.
Currently, Ethereum is stuck around 3170, which is an interesting level. Not too high, not too low, right in the middle. This kind of position is most likely to cause mistakes.
The market signals look good: the 15-minute MACD has already crossed bullish, and the trading volume has improved. But this is the problem—just a slight pullback can easily attract followers to jump in. How could the main players not take advantage of this opportunity to offload chips near 3300?
The current rebound is essentially a technical correction of the previous low at 3123. The levels above at 3200 and 3220 are old trapped positions, both resistance levels. Bulls aiming to break through these levels will face significant costs.
If you want to participate, these points are crucial:
First, do not chase longs at the current price of 3170. The space is too small, and the risk-reward ratio is not worth it.
Second, wait for the rebound. Give the market enough time to complete this correction.
Third, the real opportunity is in the 3200-3215 range. This is the best zone to set up short positions, with a stop at 3255 (allowing some margin for error; stop-loss if broken).
Fourth, if going long, first see if 3120 can hold. If broken, focus on 3050.
Trading ultimately depends not on reaction speed but on surviving long enough. In markets like this, where small rebounds trigger impatience, the most skilled traders are those who can harvest the impatient players.
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FalseProfitProphet
· 01-10 09:59
Once again, a small rebound is called a reversal, really treating retail investors like leeks to be cut.
The 3170 level is indeed quite uncomfortable. It looks like opportunities are everywhere, but they are actually traps set by the main players.
Don't chase it, wait.
Just because there's a golden cross, does that mean you should buy more? Can't learn that, everyone.
3200 is the real test level; we'll see then.
Is this wave of recovery over? Not yet, don't rush to take over.
Living longer > reacting quickly, this is a brilliant statement. The current market is just screening who won't make it until next year.
View OriginalReply0
BankruptcyArtist
· 01-10 03:34
Another wave of rebound to cut the leeks again, same old routine
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3170 is really a perfect level, not chasing is not human
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I’ve memorized all the main force’s methods of dumping, but I just can’t understand why I’m still losing money
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Wait, this guy mentioned shorting at 3200-3215, I feel like there’s something there
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The bankruptcy artist says, my art is losing money, no need to teach
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The small rebound most exposes human nature, I am that impulsive player
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The 3308 resistance line has been pressed for so long, anyway I won’t wait for the breakout
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Another argument of "living long enough," I’ve lived too long and already have no money
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I read the main force’s wicked smile in this article
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The easiest to slip up is on the halfway up the mountain, I fell straight from the top to the bottom
View OriginalReply0
GateUser-9f682d4c
· 01-09 23:17
This rebound is just a trap. Those looking to cut in, come on in.
The main force has been ready for a long time, waiting for these followers to buy at high levels.
The halfway up the mountain is really the easiest place to have a sudden collapse. I won't touch it.
I see through it but won't say it out loud. Let's see who can survive until the end.
The 3200 barrier—if it's not broken through, it's just a weak rebound, a pure harvesting game.
View OriginalReply0
WhaleSurfer
· 01-08 04:56
The main force is just waiting for this rebound to cut the leeks, I see through it clearly.
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3170 is really a trap; if you're not careful, you'll get caught inside.
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Don't chase anymore, brother. Wait until 3200 to speak. Entering now is just asking to be cut.
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I've seen through it—small rebounds attract many, and the pressure from trapped orders is too intense.
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I'll just quietly watch those calling for a reversal; we'll see when the time comes.
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The stop-loss at 3255 is set thoughtfully; I've learned from it.
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Honestly, blindly following the market now is pure suicide. Wait a little longer.
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This is the real analysis of understanding the market; only by not following the crowd can you survive longer.
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Getting stuck halfway up the mountain is the most disgusting; whoever enters, whoever dies.
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Breaking 3120 really depends on 3050; this chain of thought is well-planned.
View OriginalReply0
FUDwatcher
· 01-08 04:52
It's the same old story, there are really many fools who get excited after a 15-minute golden cross.
Wait, I've seen this 3200-3215 shorting method before, no wonder it didn't work this time.
Living longer is not a problem, but the people listening won't live long.
3170 is indeed an awkward position, intermediaries are most likely to get爆 (explode).
View OriginalReply0
GateUser-a180694b
· 01-08 04:50
Bro, this analysis is spot on. The 3170 level is indeed awkward, just waiting to be shaken out by the main players.
View OriginalReply0
FreeMinter
· 01-08 04:42
Ha, it's the same old story, I'm already tired of it.
The key is still that sentence: live long enough.
3200-3215 is really a test.
This rebound is purely a routine to harvest the little guys.
If you don't chase, just wait and see.
View OriginalReply0
SnapshotStriker
· 01-08 04:37
It's the same old story. As soon as there's a small rebound, internet calls start shouting. I'm already tired of watching it.
People who went all-in are probably already cutting their losses by now.
Let's wait until 3200. Chasing longs now is pure suicide.
This wave is just the main force's strategy to absorb shares. Retail investors are still studying MACD.
The 3170 level is really annoying. It can't go up, and it can't go down either, ending up trapped.
A rebound doesn't mean a reversal. That's something most people fail to understand.
The market is too fake; stay away.
View OriginalReply0
SmartContractDiver
· 01-08 04:33
Here comes that tired "reversal imminent" talk again. I knew this was just the prelude to a leek harvest.
Don't chase 3170; wait until the rebound to 3200 before acting. That's the real short position level.
If 3255 breaks, just cut your losses and run. Being alive is what makes you the winner. The impatient ones all get wiped out.
View OriginalReply0
SmartContractRebel
· 01-08 04:28
Really, what happened to those calling for a reversal now?
The 3170 level is the main force's meat grinder; I won't touch it.
Wait until 3200, then decide. Entering now is just giving chips to the main force.
The most vulnerable part is halfway up the mountain; I've learned to be smart.
The key is to stay alive; don't get carried away by this small rebound.
Just as I opened the market, I saw someone shouting "Ethereum 3120 support held, reversal imminent," and I silently closed the message box.
Many people are watching the slight rise on the 15-minute chart, but the real issue lies in the larger time frame. On the 4-hour chart, the level at 3308 shows a huge resistance line—this is the dividing line for the bulls.
Currently, Ethereum is stuck around 3170, which is an interesting level. Not too high, not too low, right in the middle. This kind of position is most likely to cause mistakes.
The market signals look good: the 15-minute MACD has already crossed bullish, and the trading volume has improved. But this is the problem—just a slight pullback can easily attract followers to jump in. How could the main players not take advantage of this opportunity to offload chips near 3300?
The current rebound is essentially a technical correction of the previous low at 3123. The levels above at 3200 and 3220 are old trapped positions, both resistance levels. Bulls aiming to break through these levels will face significant costs.
If you want to participate, these points are crucial:
First, do not chase longs at the current price of 3170. The space is too small, and the risk-reward ratio is not worth it.
Second, wait for the rebound. Give the market enough time to complete this correction.
Third, the real opportunity is in the 3200-3215 range. This is the best zone to set up short positions, with a stop at 3255 (allowing some margin for error; stop-loss if broken).
Fourth, if going long, first see if 3120 can hold. If broken, focus on 3050.
Trading ultimately depends not on reaction speed but on surviving long enough. In markets like this, where small rebounds trigger impatience, the most skilled traders are those who can harvest the impatient players.