Looking at the midday market trend today, the resistance level is still quite obvious from the four-hour chart. The bears have been continuously increasing volume and pushing the price downward over the past few days, bringing it down to the lower support zone before stabilizing. Indicators like MACD and RSI all point to a bearish trend, and there are no clear signs of a rebound in the short term.
Therefore, during this midday period, I personally prefer to focus on short positions at higher levels. Specifically, Ethereum can be gradually shorted within the 3160-3190 range, with key support around 3060 below.
If you want to be more aggressive, you can enter multiple positions, but be sure to set stop-losses to prevent excessive profit loss. The market moves quickly, and managing risk is the key to long-term survival.
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UnluckyLemur
· 3h ago
The bears are so fierce, I'm still hesitating whether to follow... Can that 3060 line really hold?
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ForkItAll
· 01-08 14:05
Bearish continuous volume expansion is so fierce, it’s enough to make you nervous.
Can the 3060 level really hold? It feels quite uncertain.
If this wave really breaks, I’ll have to go all in directly.
Stop loss? Ha, I never set stop losses.
Shorting at high levels sounds simple, but in practice it’s easy to chase the highs, so be careful.
How many times has MACD tricked me? Whether to trust it this time depends on the market’s mood.
Gradually building a position is indeed stable, but when the market acts up, no one can save you.
I’m a bit hopeful that Ethereum might drop below 3000 this time.
The rebound signal hasn’t appeared, so it’s just not there. No need to rush, just be patient and wait.
From your analysis, it feels a bit conservative.
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MissedAirdropAgain
· 01-08 05:47
The bears are so fierce, but I actually see it more as a bottom signal. Every time the indicator turns fully red, it's easier to see a V-shaped rebound.
I'm a bit hesitant to short at 3160; I had a liquidation near this level before. Maybe I'll wait for a confirmed rebound.
Speaking of stop-loss, it's easy to understand but hard to execute. When you're truly losing money, who doesn't hold onto hope and refuse to cut? Everyone understands risk control, but actually doing it is another story.
Last year's bearish signals were just as obvious, but then it suddenly rallied. Is this time different?
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DaoResearcher
· 01-08 05:45
Based on the Token Weighted signals from technical indicators, the confidence interval for this bearish wave indeed exceeds 95%. But have you ever wondered—why is the divergence between MACD and RSI so obvious? According to on-chain data and historical voting patterns for governance proposals, this kind of asymmetry often indicates a liquidity trap.
It’s worth noting that the market has priced in a somewhat optimistic probability of breaking the 3060 support level. I suggest reviewing the backtest data of similar patterns from last year; specific parameters can be found in the risk model section of the exchange white paper.
The truth is—this idea of entering positions gradually is actually contrary to the basic assumptions of the Kelly criterion in high-volatility environments, which can lead to negative expected returns. But I also understand human greed... All I can say is that risk management should always come first.
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SnapshotDayLaborer
· 01-08 05:42
Is it time to short again? Feels like I'm shorting every day. When will there be a rebound?
Can this wave really hold steady at 3060? I'm worried about a breakdown.
How much should I set for stop-loss to be reliable? Bro, give me a number.
Once I open a short position, I can't sleep. That's my fate.
Is there still resistance above 3190? Feels like it can break through at any time.
Going in aggressively can easily lead to liquidation. Maybe I should wait and see.
I never look at MACD, I rely purely on intuition.
What if it drops all the way down after breaking 3060? What should I do then?
Splitting into batches to build a position sounds good, but my execution is poor. I tend to go all in impulsively.
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GasWaster
· 01-08 05:38
ngl, shorting eth at 3160-3190 is giving me flashbacks to the last time i got liquidated waiting for that "perfect entry" lmao... also can we talk about the gas fees you're gonna pay on failed shorts? that's the real degen move
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BridgeJumper
· 01-08 05:26
The bears are so fierce, let's try 3160, but I think this rebound might be faster than expected.
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Shorting again at a high level, good risk control is the key, brother.
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Can the 3060 support really hold? Feels like it might break again.
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Gradually entering the market is smart, but I'm worried that if stop-losses aren't set properly, one limit-down and it's over.
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Honestly, I don't quite understand these indicator signals, so I just go with my gut.
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The decline is so fierce that it feels dangerous; has there been volume at the bottom, everyone?
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Ethereum still needs to be watched; don't rush to full short positions.
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Entering a short at 3190 feels like a manageable risk, just afraid of a rebound that could slap in the face.
Looking at the midday market trend today, the resistance level is still quite obvious from the four-hour chart. The bears have been continuously increasing volume and pushing the price downward over the past few days, bringing it down to the lower support zone before stabilizing. Indicators like MACD and RSI all point to a bearish trend, and there are no clear signs of a rebound in the short term.
Therefore, during this midday period, I personally prefer to focus on short positions at higher levels. Specifically, Ethereum can be gradually shorted within the 3160-3190 range, with key support around 3060 below.
If you want to be more aggressive, you can enter multiple positions, but be sure to set stop-losses to prevent excessive profit loss. The market moves quickly, and managing risk is the key to long-term survival.