From a technical perspective, ETH is currently in a resistance zone for upward movement. Observing recent trends, the evolution of the market typically follows two scenarios: either a direct breakout upwards or a pullback downwards followed by a new rally.
Based on this judgment, it is currently advisable to establish a short position around the 3330 level. If the market continues to strengthen, consider adding to the position near 3360. Set a stop-loss at 3380 to effectively control risk.
On the downside, pay attention to the key support at 3180. This price level is an important technical support point; if broken, it could lead to a deeper correction.
Overall, the current technical outlook leans more towards a bearish setup. For traders, operating between confirmed support and resistance levels makes risk relatively manageable.
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BearMarketMonk
· 5h ago
Shorts at 3330 sound good, but I want to see if 3180 can hold, that would be the real test.
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PumpDetector
· 5h ago
ngl seen this setup a thousand times since mt. gox... the psychology here is what matters, not the lines on the chart. whales read retail's fear like an open book.
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PseudoIntellectual
· 5h ago
3330 short sounds good, but I bet 3360 will break directly...
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It's the same old support and resistance. Does anyone really make money by following this?
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Stop loss at 3380? Feels too tight, easy to get swept out.
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I don't believe the critical support at 3180 can hold; if it breaks, that's the real show.
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Being bearish is correct, but you need to be very brave to short at this price level.
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Feels like we're repeatedly bouncing around near 3360 every time, so annoying.
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Controlling risk is right, but I'm worried a black swan event could blow up with just a breath.
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Oh my, it's dropping again. I just jumped in yesterday.
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BoredRiceBall
· 5h ago
Shorts at 3330 sound good, but I'm worried it's a false breakout...
Wait, if 3180 breaks, should we run?
From a technical perspective, ETH is currently in a resistance zone for upward movement. Observing recent trends, the evolution of the market typically follows two scenarios: either a direct breakout upwards or a pullback downwards followed by a new rally.
Based on this judgment, it is currently advisable to establish a short position around the 3330 level. If the market continues to strengthen, consider adding to the position near 3360. Set a stop-loss at 3380 to effectively control risk.
On the downside, pay attention to the key support at 3180. This price level is an important technical support point; if broken, it could lead to a deeper correction.
Overall, the current technical outlook leans more towards a bearish setup. For traders, operating between confirmed support and resistance levels makes risk relatively manageable.