Ethereum is short-term bearish. Today, it is expected to test the key support zone at 3050-3020 downward, but the decline is expected to be limited. If a reversal occurs, the upward target is locked at the resistance levels of 3150-3180.
From a technical perspective, the period from 10:30 PM to 1:30 AM tonight requires close attention. After three consecutive days of gains, the bullish momentum in the market has weakened, and this correction is most likely the bears' opportunity to take control. The trend line indeed shows clear signals of a pullback from higher levels.
Short-term traders can look for downside opportunities within this window. If support is effectively broken, further lower support levels should be monitored. Conversely, if a rebound occurs near the resistance levels, it is also worth paying close attention to defense.
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TooScaredToSell
· 01-04 13:58
You're bearish again, same old trick every time.
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BearMarketBro
· 01-04 06:54
Here we go again? You say the momentum is exhausted after a three-day increase. How come I feel like you always say that?
I'm already numb, just waiting to see the show at 10:30 PM.
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ZkProofPudding
· 01-03 18:25
It's another damn support and resistance level, same old routine every day. I'd rather watch my cat walk on the keyboard.
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MetaReckt
· 01-03 09:53
Are you trying to trick me into bottom fishing again? Why does the support on 3050 feel like tofu?
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TopBuyerBottomSeller
· 01-03 09:48
Here we go again, how did 3050 become the key support level? It was said the same way last time.
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BridgeJumper
· 01-03 09:47
It's the same old story again—just because it rises for three consecutive days, it has to fall? As if technical analysis is the be-all and end-all.
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DustCollector
· 01-03 09:47
Back to 3050-3020 again, I'm already tired of hearing about this support level.
If you're bearish, just be bearish. No need to make things complicated.
Staying awake at 1 a.m. watching the market? Truly hardcore.
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AirdropLicker
· 01-03 09:43
It's the same story again. After three consecutive days of gains, they say the bulls are exhausted. I think it has to drop to 3000 before it's considered a correction.
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ColdWalletGuardian
· 01-03 09:41
It's the same old story again, claiming exhaustion after three days of continuous rise? I think the analysts are just getting itchy.
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AirdropJunkie
· 01-03 09:35
Here comes the bearish narrative again. Are you already tired of the three-day rapid increase?
Ethereum is short-term bearish. Today, it is expected to test the key support zone at 3050-3020 downward, but the decline is expected to be limited. If a reversal occurs, the upward target is locked at the resistance levels of 3150-3180.
From a technical perspective, the period from 10:30 PM to 1:30 AM tonight requires close attention. After three consecutive days of gains, the bullish momentum in the market has weakened, and this correction is most likely the bears' opportunity to take control. The trend line indeed shows clear signals of a pullback from higher levels.
Short-term traders can look for downside opportunities within this window. If support is effectively broken, further lower support levels should be monitored. Conversely, if a rebound occurs near the resistance levels, it is also worth paying close attention to defense.