2026-01-08 06:22:15

Ethereum's recent trend shows a typical head and shoulders top pattern. From the double top peak at 3300, ETH completed a precise 1:1 retracement from the head to the neckline around 3130, followed by a standard head and shoulders structure.

On the technical side, 3130 is the current strongest support level and also a key point for support-resistance switching. 3212 forms a short-term minor resistance, while 3237 is exactly the 618 Fibonacci retracement level of this round of the market, which may face selling pressure if prices rally further.

For traders, there are two main strategies. Bears can consider short positions at 3237, with the previous high of 3307 as a stop-loss, targeting 3167 first, and further down near 3130. Bulls can consider long positions at the low of 3130, with a stop-loss below 3060, targeting 3200 and 3237, and taking partial profits around 3300.

ETH0,55%

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SandwichDetector

· 01-10 13:54

Head and shoulders top is back again. How many times do we have to play this trick? Whether 3130 can hold is the key, otherwise just break through directly.

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LiquidationSurvivor

· 01-08 06:52

Another head and shoulders top, really impressive. Every time it predicts a precise pullback, but it ends up being proven wrong. This critical level at 3300 can't be broken no matter how hard we try. It feels like the big players are accumulating shares.

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