2026-01-08 04:31:16

Here's a summary of recent trading ideas.

From a bearish perspective, ETH has been in a downtrend since the start of this wave at 3264. After reaching a high of 3307, it retraced to around 3126 on the hourly chart before bouncing back. It then faced resistance again at 3184 and fell back. Based on the candlestick patterns that have already formed, the hourly chart suggests further downward movement, with a likely target around 3100, a level that usually provides support.

Looking further down, the initial target for this wave of decline on the daily chart is around 2900, but the move won't be straight down. The price zone around 3038 will likely become a zone of repeated tug-of-war, where bulls and bears will test each other. Therefore, in the short term, focus on these key levels and see who can hold them more effectively.

ETH-0,14%

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SatoshiChallenger

· 22h ago

The 3264 short position hasn't been closed yet. This brother really has patience. The 2900 target... Data shows that every time there's such a confident prediction, it gets proven wrong. Interesting. Ironically, key levels are always key levels until they're not. 3038 tug-of-war? Isn't that just the main force shaking out traders? Why explain it so technically? There are too many people talking with charts. Those who really make money stay silent.

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SelfCustodyBro

· 01-08 22:24

Starting to organize my thoughts again. The 3038 level is indeed something that needs to be tested repeatedly, with both bulls and bears fighting over it.

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4am_degen

· 01-08 05:01

3038 is really a meat grinder. It always gets stuck there for a long time, so annoying.

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KrisRo

· 01-08 04:53

Can't go down anymore, there are too many

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CounterIndicator

· 01-08 04:41

Will 3100 really serve as the bottom? It feels like it might break easily.

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GateUser-3824aa38

· 01-08 04:38

Block 3038 is indeed prone to fluctuations; it depends on whether the bulls can hold their ground.

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LuckyBlindCat

· 01-08 04:31

3100 is indeed an easy place for a rebound, but I'm more concerned about whether 3038 can hold. The bearish logic is clear; I'm just worried that the bulls might suddenly gain strength. The 2900 target is a bit far; it depends on whether there are any surprises in between. This wave will either break through or rebound; there's not much to fuss over in the middle. That resistance level at 3184 is a bit annoying; repeatedly testing it really hurts.

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