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Ethereum's recent trend shows typical rebound correction characteristics within a downward trend. From a technical perspective, several key price levels require close attention.
In terms of support, the 2935-2940 range is the recent main support line, with the previous low at 2866 below. If 2935 is broken, it could trigger a secondary bottoming, with targets possibly around 2880 or even 2866. On the resistance side, there are the 2990-3000 zone (midline + psychological round number) and the upper band at 3040-3050, which require caution.
For trading strategies, aggressive bulls can position around 2935-2950, with stop-loss below 2900, aiming for targets at 2990 and 3040. Conservative bears might wait for a range between 2990-3040, with stop-loss above 3050, targeting 2940 or 2880.
In simple terms, don't chase high now and don't panic. Use 2935 to gauge support strength and 3000 to determine the trend—these two levels can reveal the market's true intentions.
Bet on 2990 not breaking, otherwise go all-in on short positions.
Stop chasing highs, every chase results in losses, learned the lesson.
3000 is the line between life and death, simple and brutal.
If the support breaks, a second bottom test is inevitable. I bet it will.
Wait, is 3000 just a psychological level? I always feel like this time it might break through
Don't tell me about support and resistance; I just want to know if it will keep falling or rebound. Can you clearly explain these two levels?
Aggressive guys are positioning around 2935? I don't have that kind of nerve
It's basically a bet that 2935 won't break, right?
Stop-loss below 2900... sounds simple, but it's really hard to do in practice
Can we rely on the 3000 round number this time? Feels like it gets broken every time
I just want to ask, after breaking 2900, will it really go down to 2866?
Don't chase highs or panic; it's easy to say, but when you're holding positions, how can you do that?
This wave has really confused people; it feels like both sides are blocked
If 2935 can't hold, the market will have to reset again this year
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It's the same old story, if it breaks 3000, it will drop straight to 2880 in a dream.
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Wait, is this rebound a real rebound or a trap to shake out the weak hands?
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I believe in not chasing highs, but the problem is, who can clearly tell where the bottom is?
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Friends aiming for 3000, you better stay alert.
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For aggressive longs and conservative shorts, both have to gamble with luck.
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If the 2935-2940 level holds, pretend nothing's wrong; if it breaks, you need to run.
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It's easy to say, but when actually trading, reactions aren't that quick.
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I remember these two price levels, now it depends on whether Ethereum cooperates.
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Why does it feel like every analysis ends up being the opposite of what actually happens?
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Once again, using this set of support and resistance levels. I just want to know who can really hit these points accurately.
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3000 looks like a false breakout, it seems we need to go down another round.
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I've heard "don't chase the high" a hundred times, but the question is who can resist it?
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Steady shorting sounds good, but I always feel the market is most painful when operating in the opposite direction.
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2935, 3000, 3040—just memorize these and wait to get slapped in the face.
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It feels like this wave is just repeated consolidation, the real direction hasn't been decided yet.
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Clear explanation, but real trading is far from so clean; it still depends on market feel.
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The biggest risk in this kind of analysis is a black swan; no matter how advanced the technicals are, they’re useless.
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I'm a bit tempted to bottom fish, but rationality tells me to wait a bit longer.
It's indeed right not to chase highs, the current market fluctuation is exhausting me.
Is 3000 the dividing line? I accept this logic.
Now I have to stick between 2990-3000 again. Can someone tell me when I won't be so conflicted?
I'm afraid of a second bottoming out, 2866 feels too far away.