The early morning rally pushed prices to around 3219, but the subsequent momentum has weakened, and currently, it is oscillating at a high level. In this situation, the logic for short positions is actually clearer.
From a trading perspective, the 3220 to 3250 range is an important resistance zone. If the price fails to hold this level, the 3000 support level below becomes the target. In this state, the market often lacks sustainability, and the probability of sideways consolidation or bottoming out is higher.
$BTC $ETH has a strong correlation with other mainstream cryptocurrencies, so it needs to be observed simultaneously. If Ethereum completes a pullback confirmation, the window for short positions will open.
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SatoshiLeftOnRead
· 8h ago
3219 going up and down, this wave of momentum really isn't strong anymore, feels like a break is coming
Is the short position time window about to open, or do we still need to wait for BTC to confirm?
Grinding at high levels is the most annoying, more torturous than a direct crash
Can 3000 really be broken? Feels a bit uncertain
Those optimistic about this pullback and going long, be careful
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GasFeeDodger
· 01-06 12:05
High-level dithering, this rhythm indeed looks a bit虚啊, the momentum is gone so quickly?
Wait for the short position window to go long again, 3000 is the real battlefield, don't be fooled by 3220.
If BTC doesn't follow the trend, then ETH this wave is also pointless, monitor the linkage closely.
This wave feels like a震荡底 rhythm, don't rush to catch the bottom.
There are more high-level bagholders, if 3250 can't be broken, then accept it and move on.
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MevHunter
· 01-05 02:28
It's another sluggish market, blocked at 3220, it's really annoying to watch.
I've been waiting for a short position window for a while, just waiting to see when ETH will truly confirm.
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MevSandwich
· 01-05 02:27
The high-level deceleration of momentum is grinding down; this wave indeed presents a greater opportunity for shorting.
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CryptoMom
· 01-05 02:23
High-level hesitation, this short opportunity has indeed arrived. If 3250 can't be broken, it will have to drop further.
View OriginalReply0
MEVSupportGroup
· 01-05 02:10
Starting from 3219, it lost momentum. This wave is clearly a fake move, waiting to break through 3000.
#数字资产动态追踪 Ethereum 4-Hour Chart Technical Analysis
The early morning rally pushed prices to around 3219, but the subsequent momentum has weakened, and currently, it is oscillating at a high level. In this situation, the logic for short positions is actually clearer.
From a trading perspective, the 3220 to 3250 range is an important resistance zone. If the price fails to hold this level, the 3000 support level below becomes the target. In this state, the market often lacks sustainability, and the probability of sideways consolidation or bottoming out is higher.
$BTC $ETH has a strong correlation with other mainstream cryptocurrencies, so it needs to be observed simultaneously. If Ethereum completes a pullback confirmation, the window for short positions will open.