2026-01-14 10:28:23

Ethereum is heading towards the key resistance level of 3171. Today coincides with the release of CPI data, and the market sentiment is still somewhat uncertain. However, my Ethereum trading plan is already in place, waiting for potential volatility after the CPI announcement.

The trading ideas over the past few days mainly revolve around three scenarios. First, if the price breaks above the 3171 high and forms a bearish pattern, I will short to retest the strong support level established yesterday. Second, if the price truly breaks above 3171 (on the 1-hour chart), I will wait for a pullback to go long, targeting 3300. The third scenario is if the price falls below the strong support of 3060 established during yesterday's New York session, I will short with the target set at the monthly opening price of 2970.

In summary, it all depends on what kind of market movement CPI will bring us.

ETH-1,58%

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wrekt_but_learning

· 17h ago

CPI data is out, and you're still waiting? Can we directly hit 3300 this wave, bro?

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LiquidatedAgain

· 17h ago

Betting on CPI again, brother... 3171, 3060, 2970, this combo looks professional, but I bet five bucks that I'll be liquidated and penetrated eventually.

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ForkYouPayMe

· 17h ago

CPI coming out is all for nothing, just a mood gamble. Breaking 3171 or not will determine all the longs and shorts afterward, and I’m just waiting for that. --- It’s another macro data-driven market, so annoying. Still, we have to see whether it breaks or not. --- The 3300 target is a bit optimistic haha, but if it really breaks above 3171, it’s worth a shot. --- Support levels are laid out quite thoroughly, feels like no matter how it moves, there’s a plan. Just afraid that when CPI comes out, it will directly break through all levels. --- Is the opening price of the monthly line at 2970 too pessimistic? Hope it doesn’t drop that low. --- Bro, your thinking is very organized, just not sure if CPI will follow the usual pattern. --- Waiting for data is the hardest part, praying it’s not a black swan.

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Gm_Gn_Merchant

· 17h ago

Once the CPI is released, this 3171 level will depend on luck; it feels like it will either surge or plummet, with nothing good in between. Sis, this trading strategy is indeed logically clear, just worried about last-minute changes, haha. Let's wait for the data; anyway, I'm ready with my knives. If the 3300 move can really break out, that would be awesome, but if 3060 breaks, I’ll have to admit defeat and walk away. Black swan events like CPI really drive people crazy; the market can reverse instantly, and you can't react in time. The key to this wave of market movement still depends on whether the monthly chart can hold above 2970; otherwise, it will continue to fall. If I can't get past 3171, I won't play anymore; it's not interesting. Wow, all three scenarios are laid out, just waiting for the market to choose which path to take. At the moment CPI is announced, it will probably be a matter of how spot and futures markets gamble against each other; it's too hard to predict.

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