Ethereum encountered resistance at the upper resistance level and started to pull back. However, based on recent trends, this decline has been relatively restrained. The price found support in the lower support zone and is currently in a sideways consolidation phase, which is an interesting signal.
Typically, such tight consolidation indicates that the previous selling pressure is waning, and sellers are less enthusiastic than before. But to truly confirm whether the rebound can hold, we need to see if buyers can step up and take over. From the current perspective, the overall structure is neutral with a slight bullish bias.
If you don't hold any assets now, you might consider gradually accumulating some Ethereum. The key is whether the price can stabilize at the current level. Once it does, a rebound to the previous resistance zone is highly probable. Conversely, if the support level is broken downward, the situation will change, and the risk of further decline will significantly increase. Ultimately, risk management cannot be relaxed. There’s a sense of buildup in the past few days, which is worth paying attention to.
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WhaleWatcher
· 3h ago
The sideways consolidation looks like buying momentum is a bit weak, let's wait and see if it can really stabilize before making any moves.
The decline in selling pressure is a good sign, but when will this market deceive us again? We still need to see if the support level can hold.
If this wave can really stabilize, a rebound is definitely coming. I'm just worried it might be a false alarm again.
Gradually entering positions sounds stable, but the key is to stick to your stop-losses, everyone.
The buildup feels right, yes yes yes, it seems like a big move is brewing these days.
Breaking the support level would be troublesome; at that point, we'd have to chase short positions, which is a bit annoying.
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MEVHunter
· 3h ago
Consolidation is just arbitrage bots fighting each other. The mempool is definitely filled with sandwich orders. This buildup is not really a buildup; it's clearly the night before a gas war. I've been monitoring this price difference for a while. Once it breaks through the support zone, we'll have to look at on-chain data to see what's really happening. This can't be fully understood through candlestick technical analysis.
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ProofOfNothing
· 3h ago
Sideways trading is testing your mentality. This is when it's easiest to get shaken out. Damn, it's so frustrating.
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InscriptionGriller
· 3h ago
Uh, this sideways movement is just funds testing the bottom line. When sellers are exhausted, it's often the easiest time for the little guys to be harvested.
Standing unsteadily is a big trap; don't be fooled by the phrase "high probability of rebound."
Once again, people are deploying in batches. Last year, how many people just kept firing their bullets in batches like this?
What are they accumulating for? In my opinion, it's just waiting for the next wave of slaughter.
This support level could at any time become the starting point of a death spiral, so be aware.
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BoredRiceBall
· 3h ago
The consolidation is really weakening the selling pressure, and this rhythm is quite interesting.
I'm not daring to go all-in now; it's better to accumulate in batches and wait for a breakout for more stability.
The key is whether it can hold the support level; once it breaks, I’ll have to run.
It feels like this wave is gathering momentum, so let's wait and see.
The sellers' enthusiasm is really fading, which indicates the bottom might be near.
Buy in batches, but risk control must keep up, or you'll suffer heavy losses.
This kind of consolidation tests patience; what if the buyers step up at that moment?
It looks slightly bullish, but I still need a confirmation signal before I dare to act.
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LiquidatedAgain
· 3h ago
It's that time again—watching support levels break and then suffering heavy losses to cover positions, truly incredible.
This sideways movement is making me angry just looking at it. Is the sellers' enthusiasm low? Ha, I think the buyers' enthusiasm is low. When the liquidation price is right in your face, no one steps in to save you.
DCA (Dollar Cost Averaging) sounds good, but I'm just worried that buying one layer will lead to buying more layers as it drops—it's easy to regret not knowing earlier.
Is it likely that support will hold and bounce? Bro, I've heard many "high probabilities," but in the end, it's always something outside the probabilities that happens.
But it's definitely worth paying attention to. Risk control points must be set properly—don't get liquidated again and again.
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NFT_Therapy_Group
· 4h ago
I agree that selling pressure is waning, but I'm worried it might just be a false alarm.
Consolidation, the key is whether it can hold steady, otherwise it's just a routine move.
If entering in batches, this position is still acceptable, but risk control is really necessary.
Building momentum? I think it's more like dithering and hesitating, waiting for the next wave of funds to enter.
Breaking support is the real turning point; it's a bit early to talk about a rebound now.
Ethereum encountered resistance at the upper resistance level and started to pull back. However, based on recent trends, this decline has been relatively restrained. The price found support in the lower support zone and is currently in a sideways consolidation phase, which is an interesting signal.
Typically, such tight consolidation indicates that the previous selling pressure is waning, and sellers are less enthusiastic than before. But to truly confirm whether the rebound can hold, we need to see if buyers can step up and take over. From the current perspective, the overall structure is neutral with a slight bullish bias.
If you don't hold any assets now, you might consider gradually accumulating some Ethereum. The key is whether the price can stabilize at the current level. Once it does, a rebound to the previous resistance zone is highly probable. Conversely, if the support level is broken downward, the situation will change, and the risk of further decline will significantly increase. Ultimately, risk management cannot be relaxed. There’s a sense of buildup in the past few days, which is worth paying attention to.