2026-01-03 07:26:18

Market progress looks like this—after surging from an opening price of $2989 to $3150, it encountered resistance and is now fluctuating around $3110. Short-term bullish sentiment is still decent, but overbought signals have already appeared.

Key levels to watch closely. The hard resistance above is around $3140-$3150. If a true breakout occurs, there’s a chance to see $3200; but if momentum stalls here, the first support to watch is $3080-$3100, then lower at $3060-$3080, with the final line of defense at $3050. On the support side, $3050-$3060 is a critical zone; if broken, it could head straight toward $3000.

The technical picture is interesting. The daily MACD is easing from a death cross and shows signs of turning bullish; the 4-hour chart has been making consecutive bullish candles but with noticeably reduced volume; the 1-hour KDJ and RSI are both turning bearish, indicating a rising probability of a short-term correction. Looking at the 24-hour volume, it has not been steadily increasing, which essentially means insufficient momentum for upward movement, and selling pressure at high levels is also evident. The Bollinger Bands are opening up, and the price has already touched the upper band, suggesting a high likelihood of short-term consolidation and sideways movement.

On the fundamental and macro level, institutional funds are still flowing in gradually. The ETF’s influence is helping to boost market sentiment, and the Fed’s rate cut expectations are supporting risk assets. But risks remain: the SEC’s stance on Ethereum’s security classification is still uncertain; if US inflation exceeds expectations, rate cut expectations may cool down, leading to a probable market correction. Also, keep an eye on whether staking volume continues to surpass 30 million tokens, as this data relates to long-term selling pressure and price stability.

In terms of trading strategy, focus on short-term high sell and low buy. You can lightly short around $3140-$3150, with a stop-loss at $3170, targeting $3130-$3080; if it retraces to $3060-$3080, go long with a small position, stop-loss at $3050, and target $3100-$3130. Risk management must be strict—avoid chasing highs, set proper stop-losses, and closely monitor whether $3150 can be effectively broken through along with volume changes.

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DeFiDoctor

· 01-05 13:10

Trading volume is indeed the root cause. The trading records show clear signs of waning momentum. Don't be fooled by the bullish candles. --- If $3150 cannot be broken through, consider the downward route. The risk warning level should be raised. --- The Bollinger Bands touching the upper band is a clinical sign, indicating a high probability of short-term oscillation and consolidation. Regularly review the trading volume data. --- Institutional inflows are returning, but the SEC situation is still hanging over us. There are too many uncertainties, so cautious observation is advisable. --- In simple terms, it's a lack of momentum. Selling pressure at high levels is emerging. The protocol state needs gradual adjustment; don't rush to chase the highs. --- I need to continuously monitor the pledge volume surpassing 30 million tokens, as it relates to long-term stability diagnostics. --- A drop below $3050-$3060 could lead directly to 3000. The support level must be defended firmly; avoid leaving vulnerabilities. --- Four-hour consecutive bullish candles with decreasing volume indicate typical strategy complications. Strict risk control is necessary.

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TradingNightmare

· 01-04 20:42

3140 can't break through, it's really a bit suspicious. Now it's just waiting for volume. If there's not enough volume, don't mess around. You can buy low and sell high. This breakout feels a bit fake. I'll just stay on the sidelines. It's again 3150. When can we really break above it? In the short term, follow what he said: entering long at 3080 won't lose.

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MEVictim

· 01-03 07:56

This wave 3150 definitely didn't break through. When trading volume diminishes, we should be alert. It feels like a pullback is coming. --- That 3050 line really needs to hold. If it drops further, it will head straight to 3000. I can't bet on that. --- Institutions are entering, but the SEC side is still hanging in the air. I always feel like something might go wrong. --- Buying high and selling low is correct, but I still think we should wait a bit. The true opportunity might be around $3100. --- Insufficient trading volume is a signal. Don't be fooled by the K-line. --- Can the pledged volume break through 30 million? Is that critical? It doesn't seem that simple.

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BugBountyHunter

· 01-03 07:54

Still tugging around 3110, it's really a bit annoying. --- I agree that the lack of volume is an issue; the selling pressure at high levels is indeed becoming apparent. --- Hold 3050, if it drops further, it will head straight to 3000. --- After all this time, it still hasn't broken through 3150, and the short-term bearish logic is becoming clearer. --- Are institutions flowing in? I feel like they are all dumping. --- ETF has boosted market sentiment, but why has the trading volume been dead these past two days? --- Selling high and buying low is correct, but I really don't dare to hold a large short position at this level. --- The SEC hasn't yet classified Ethereum, and that's the biggest black swan. --- The data of staking 30 million coins needs to be watched continuously; otherwise, the selling pressure will become a bottomless pit. --- 3140-3150 is a tough resistance, no doubt, but I think we need to observe the volume a bit more.

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GateUser-beba108d

· 01-03 07:41

Insufficient volume, this rally feels a bit weak. It seems like we should stop around $3150.

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RugpullTherapist

· 01-03 07:38

Once again, the same pattern. If it can't break 3150, it will drop further. Keep an eye on the 3080 level. --- Lack of trading volume, bro. This upward move feels a bit fake. --- I just want to see if 3150 can be taken out. If it's broken, head straight to 3200. If not, just wait to be smashed. --- Every time, they say sell high and buy low, but in the end, you're squeezed tightly. It's still more comfortable to hold cash. --- If there are any changes with the SEC matter, this wave of market could directly be over. Be cautious. --- The Bollinger Bands are at the top. Short-term consolidation is certain. Don't expect a quick surge. --- If 3050 is broken, it really depends on 3000. At that point, another round of sharp decline.

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BanklessAtHeart

· 01-03 07:32

Starting that high buy, low sell routine again. It sounds simple, but actually doing it is exhausting.

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