The market has recently shown some signs of movement. Let's review the trend of Ethereum.
The current issue is the lack of effective driving force. Technically, the 30-minute chart shows some breakout signs, but the increase is insufficient, which is quite awkward. Trading volume remains relatively weak, directly leading to a mismatch between price and volume, resulting in a continued downward consolidation on the daily chart. Specifically, the short-term resistance level is in the 3180 to 3200 range. If you are considering short positions, you can try to position around this area, with a stop loss set at 3250 for better safety. The support below is at 2950, which is a critical level. If the market continues downward, the target roughly points in that direction.
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ApeShotFirst
· 01-05 21:43
It's another situation where price and volume are not aligned. This market is so boring! I just want to know if 2950 can hold. If this support level breaks, we will have to keep looking downward.
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HackerWhoCares
· 01-04 18:09
The momentum is too weak, this market is boring, let's wait for the distribution.
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PortfolioAlert
· 01-04 06:22
When price and volume are not aligned, it's awkward. Are everyone expecting a drop to 3200?
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GweiTooHigh
· 01-03 10:51
The price and volume are not matching up again, same old story. Better wait before shorting.
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LiquidationAlert
· 01-03 10:49
The pattern of price and volume not matching, I'm too familiar with it. Do I have to wait for a breakout again? I'm already fed up.
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New_Ser_Ngmi
· 01-03 10:46
The mismatch between price and volume is really annoying; it feels like ETH is just dawdling there.
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MoneyBurner
· 01-03 10:44
The mismatch between price and volume, ah, I hate it the most, getting caught after jumping in directly. Should I try shorting at 3180? I'll still wait, I have a feeling this breakout is a bit fake.
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CodeAuditQueen
· 01-03 10:39
The mismatch between price and volume is similar in logic to re-entrancy attacks in smart contracts. On the surface, it looks complete, but in reality, there are many hidden pitfalls... Be cautious of the 3180-3200 resistance level.
The market has recently shown some signs of movement. Let's review the trend of Ethereum.
The current issue is the lack of effective driving force. Technically, the 30-minute chart shows some breakout signs, but the increase is insufficient, which is quite awkward. Trading volume remains relatively weak, directly leading to a mismatch between price and volume, resulting in a continued downward consolidation on the daily chart.
Specifically, the short-term resistance level is in the 3180 to 3200 range. If you are considering short positions, you can try to position around this area, with a stop loss set at 3250 for better safety. The support below is at 2950, which is a critical level. If the market continues downward, the target roughly points in that direction.