2025-12-29 03:28:48

Ethereum has been fluctuating within this range for a period of time, and now a clear retracement trend has emerged. This wave of decline is quite significant, but overall it still remains trapped within the consolidation zone. The resistance level above is stuck around 3050 to 3070. If it fails to break above, there is a high probability of a sharp drop.

From the 4-hour timeframe, the price has already touched the MA120 moving average, forming resistance. On smaller timeframes, although there is an accelerated upward movement, such rapid rises often lead to upper shadow candles. Once a doji or similar pattern appears, the likelihood is that the trend will weaken and enter consolidation. Therefore, shorting during rebounds remains the most cost-effective strategy. The current price around 3020 is suitable for opening a short position, unless a true breakout above the resistance zone occurs, the trend reversal probability remains low.

ETH-2,82%

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MetaNomad

· 8h ago

If 3050 can't be broken, then it has to be smashed. This wave of short positions is waiting to pick up the money.

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FancyResearchLab

· 20h ago

Another "theoretically feasible" short signal, Luban No.7 is working again. I'll try this smart trap first.

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HodlAndChill

· 12-29 03:58

It's the same story again. If the 3050 can't break through, just keep lying flat. Anyway, I'm used to being trapped.

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CryptoMotivator

· 12-29 03:52

If 3050 can't be broken, then it has to be smashed. This wave of short positions is very steady.

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CountdownToBroke

· 12-29 03:49

Here comes the 3050 ghost level again. How many times have I really been fooled? Waiting for a short position, just see if it can hold. The MA120 is pressing down, rebound and then smash, this routine is the same old story. Best cost performance? I only know being trapped is the highest. Open short at 3020, praying not to fall below 2980. When the upper shadow appears, it's time to run. Learning this move can reduce losses. If the resistance can't be broken, then admit defeat. No trend reversal.

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ForkYouPayMe

· 12-29 03:48

It's the same story again. If the 3050 level doesn't break, we'll continue to be bearish. I bet five dollars that this rebound is just a false breakout.

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OvertimeSquid

· 12-29 03:38

If 3050 can't be broken, then it has to be smashed. This short position indeed needs to be taken.

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WenMoon

· 12-29 03:33

If you can't break 3050, you really have to keep trying. Short positions have another chance.

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metaverse_hermit

· 12-29 03:29

If 3050 can't be broken down, I don't believe in technical analysis This wave of short positions is indeed profitable, go for the rebound Rapid surge to close the position? I've been waiting for this moment Struggling around 3020 again, so annoying If it can't break 3070, then it's time to turn back, nothing more to say Really treating the MA120 as a god? Should have cleared the position early Short during the rebound, quick and decisive, why is it so simple

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