Recently, the market has been quite interesting—ETH has exhibited a typical oscillation pattern, and short-term bearish signals are gradually emerging.



Looking at the 1-hour K-line, the price repeatedly tests around 3118, with clear resistance at 3150 above. The Bollinger Bands are tightening now, with the upper and lower bands narrowing significantly, which usually indicates an imminent breakout. Currently, the price is trading below the middle band, showing obvious weakness.

The MACD performance is even more intriguing. The fast and slow lines have already crossed downward near the zero axis, and the green momentum bars are beginning to appear. What does this mean? The bullish momentum is waning, and the bearish force is quietly gathering. The trading volume has also decreased accordingly, indicating increased market divergence at this level, and the direction will be decided in an instant.

From a trading perspective, the price has been repeatedly resisted around 3140, and the resistance above is indeed strong. Coupled with the weakening MACD signals, I tend to believe that the price will first test the support level downward.

**The trading plan is as follows:**
Enter between 3135-3140, with a stop-loss set above 3155. The first target is around 3100, and the second target is near 3080. Roughly calculating the risk-reward ratio, a stop-loss of about 20 points aiming for 40-60 points profit offers a ratio over 2:1, making it a reasonable trade based on probability.

Of course, no strategy is foolproof. If the price strongly breaks above 3150 and stabilizes, this short-selling approach should be adjusted promptly. The market is always right; we just follow it.

Finally, a reminder—don't be greedy. Keep your position size within 10% of your total funds, set proper stop-losses, and avoid letting a single misjudgment turn into a disaster for your account. The market is constantly changing, and our job is to respond flexibly based on signals. Let’s see if we can first get a decent correction out of this move.
ETH1.37%
View Original
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.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
token_therapistvip
· 18h ago
The Bollinger Bands are tightening so much, it feels like a big move is coming soon.
View OriginalReply0
LootboxPhobiavip
· 22h ago
The Bollinger Bands are tightening so much, it feels like a breakout is imminent... I like your idea, but can 3150 really hold down the market? The MACD turning weaker still seems a bit fake; wait for further confirmation before acting. Once again, I’m bearish on ETH. When will you guys finally get it right? Haha. Stop-loss at 20 points for a 60-point gain—this ratio is indeed comfortable, but I’m worried about a sudden spike at a critical moment. Currently, with decreasing volume and divergence... usually that means a one-sided move is coming. Which side should we bet on? If 3100 doesn’t hold, I’ll exit. I’m not playing psychological warfare with you guys.
View OriginalReply0
AirdropHustlervip
· 01-05 07:26
The Bollinger Bands are tightening so much, it feels like a big move is coming... waiting for the breakout
View OriginalReply0
BearMarketLightningvip
· 01-05 07:15
The Bollinger Bands are closing in so tightly, it feels like a explosion is imminent, just worried about breaking above 3150 directly.
View OriginalReply0
wagmi_eventuallyvip
· 01-03 05:52
The Bollinger Bands are tightening so much, it feels like a breakout is imminent—just watch whether it goes up or down.
View OriginalReply0
SerumSquirrelvip
· 01-03 05:51
Bollinger Bands tightening signals an impending breakout; this bearish move definitely has some strength.
View OriginalReply0
DegenWhisperervip
· 01-03 05:48
Bollinger Bands narrowing combined with MACD death cross, this combo really has some potential. But if 3150 truly stabilizes, I’ll have to turn around; the market is more volatile than we imagined.
View OriginalReply0
GateUser-cff9c776vip
· 01-03 05:47
Bollinger Bands tightening, I've seen this happen too many times before... Every time they say it's about to break out, and the result is a "Schrödinger's bull market"—it both breaks out and doesn't, right? As for the MACD downward crossover signal, honestly, I think it's a bit like the minimalist movement in traditional art history—looks simple and powerful, but actually relies heavily on narrative support. Once market sentiment reverses... hey, your chart aesthetic value takes a hit. The 3140 threshold, from the supply and demand curve perspective, definitely has significant pressure, but I still think we should wait a bit longer. Don't rush to go all-in on short positions. What if 3150 breaks? Then your 2:1 risk-reward ratio instantly turns into an account disaster piece. In short, it's about risk control. Don't be fooled by those pretty technical indicators.
View OriginalReply0
StealthDeployervip
· 01-03 05:44
The Bollinger Bands are closing so tightly, it feels like either an explosion or a scam. I'm betting on it.
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)