Recently, it's still important to exercise caution and not rush into long positions. From a technical perspective, Ethereum is currently pulling back, and on Friday there will be non-farm payroll data and progress on crypto-related legislation. Additionally, the uncertainty surrounding tariffs could further amplify market volatility.



In the short-term trend, ETH has been oscillating within the 3130-3170 range. As mentioned earlier, the resistance levels are clearly around 3250 and 9.4. If these levels cannot be broken, consider shorting on rallies.

Friday will feature a lot of macroeconomic data, so the possibility of a deep correction should be guarded against. Key support levels to watch are 3070, 3020, and 2970. Once the price falls below 2910, the upward trend will essentially be over, and the market may enter a confusing Q1 consolidation phase, limiting trading opportunities.

Strategy recommendations for this period: set proper stop-losses, actively short on rallies, and consider going long at low points. Managing risk is the top priority.
ETH-2.32%
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
  • 4
  • Repost
  • Share
Comment
0/400
DarkPoolWatchervip
· 01-07 19:54
That batch of data on Friday is killing me. We really need to take it easy this time.
View OriginalReply0
CryptoFortuneTellervip
· 01-07 19:51
Friday's data is out; we really need to be cautious, don't be greedy.
View OriginalReply0
TrustlessMaximalistvip
· 01-07 19:50
Friday data is going to explode, now shorting is really tempting --- If 3250 can't be broken, I'll just wait for the bottom --- Stop-loss sounds simple in theory, but when it comes to actually cutting, I just can't bear to do it... --- With such a big tariff suspense, who dares to go all-in now? --- Wait until it breaks below 2910, then it will be an opportunity --- Shorting on rallies sounds simple, but the key is how to identify the high points --- Friday's Non-Farm Payrolls + legislation, this combo is indeed a bit fierce --- Going long now? I'm not looking to get myself killed --- A little above 3000, it's better to stay cautious --- When the market is uncertain, it's a test of your mindset
View OriginalReply0
RunWhenCutvip
· 01-07 19:32
Damn, I have to honestly hold onto the stop-loss order again. Why are there so many pitfalls this Friday? Once 2910 is broken, we’ll really have to wait for consolidation. It’s not interesting. Shorting on rallies sounds simple, but executing it requires being ruthless.
View OriginalReply0
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)