Ethereum's recent performance has indeed been quite tumultuous, with volatility and downward trends becoming the norm. It might even break below previous lows. If that happens, a divergence pattern could easily appear on the daily chart. But the good news is that this decline won't last forever—after New Year's Day, the market should see a turnaround.
How to judge? Just look at whether the daily chart has broken through the previous support level. If it breaks below and can't recover, then the signal to get in is flashing. However, no one can predict exactly at what price it will rise; there's no need for wild guesses. A rise will inevitably involve a round of retracement and accumulation, and it’s unavoidable to see repeated fluctuations at this level for a while. So everyone might as well stay patient and wait for the opportunity to emerge.
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NotAFinancialAdvice
· 12h ago
New Year's market rebound? I think it still needs to drop another wave to wash out the real gains.
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DegenTherapist
· 12h ago
New Year's market turnaround? Easy to say. I think it has to break below the support level first to count, otherwise it's all empty talk. How long do we have to endure this back-and-forth shakeout? It's really a test of mental resilience.
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GlueGuy
· 12h ago
You're just making excuses to shake out the market again. I just want to ask, have you had time to verify this year?
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memecoin_therapy
· 12h ago
Can there really be a turning point after New Year's Day? I think it's uncertain... Talking about support levels again and divergence again, but ultimately it's still a gamble.
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RugResistant
· 13h ago
nah, analyzed the support levels here... if daily closes below that mark without recovery, red flags detected honestly. don't fall for the post-new year pump narrative, seen this pattern too many times. potential exploit in the accumulation phase tbh, needs further investigation before any moves
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Blockwatcher9000
· 13h ago
Turn around after New Year's? Hehe, I think it's better to just survive this round of shakeout first, I've been exhausted from breaking support levels every day.
Ethereum's recent performance has indeed been quite tumultuous, with volatility and downward trends becoming the norm. It might even break below previous lows. If that happens, a divergence pattern could easily appear on the daily chart. But the good news is that this decline won't last forever—after New Year's Day, the market should see a turnaround.
How to judge? Just look at whether the daily chart has broken through the previous support level. If it breaks below and can't recover, then the signal to get in is flashing. However, no one can predict exactly at what price it will rise; there's no need for wild guesses. A rise will inevitably involve a round of retracement and accumulation, and it’s unavoidable to see repeated fluctuations at this level for a while. So everyone might as well stay patient and wait for the opportunity to emerge.