2026-01-16 00:01:10

Friday Morning Market Observation:

From the daily chart, Ethereum's mid-line support level is becoming increasingly significant. This price point is not only the current battleground between bulls and bears but also a key threshold for maintaining the upward trend. Recent pullbacks have all held effectively, indicating solid support strength.

The current consolidation is essentially a pause after the previous continuous rise, with the correction magnitude and pace remaining within normal ranges. The medium- to long-term upward framework remains intact; the market is using time to digest gains and complete chip exchanges. In the short term, it is likely to continue oscillating and climbing, with a strong technical pattern still in place, giving bulls the conditions to push higher.

Current Trading References:
Bitcoin 95200-94700 range, target around 96300-97100
Ethereum 3290-3270 range, target around 3340-3370
#美国核心物价涨幅不及市场预估 $ETH

ETH-11,72%

BTC-12,03%

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RektButSmiling

· 01-18 12:33

The mid-line support is holding quite firmly this time, and the adjustment feels comfortable. There's no rush to push higher; in fact, it makes the foundation more solid. --- It's another "digesting chips" phrase, which is getting tired to hear. Let's see if it can truly break the previous high. --- Around 3290 is about to be hammered again. Bulls, keep going, don't make me buy the dip in vain. --- The short-term climb is indeed stable, but don't forget the macro stuff—CPI data has already come out, yet we're still talking about technicals. --- Holding support multiple times, I believe in it. Don't blame me for turning around and killing the short positions. --- Core prices aren't that bad. It's normal for the market to breathe a bit. Feel free to go long. --- Wait, why is the market still oscillating despite good news on inflation data? Something feels off. --- The target levels are so clearly given. Should retail investors buy or run? --- As long as the medium- and long-term framework remains unchanged, brothers caught in the short term should hold on a bit longer.

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NFTArtisanHQ

· 01-16 07:17

the mid-range support on eth acting as a kind of digital palimpsest rn... layers of price discovery collapsing into one meaningful nexus. curious how the market's literally inscribing order through time here

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LiquidityWizard

· 01-16 00:29

actually, the mid-band support holding this consistently is statistically significant... empirically speaking, we're looking at maybe 67% probability the range holds through eod. theoretically the consolidation phase makes sense—time decay on volatility, chip distribution patterns align with historical precedent. ngl tho, if 3270 breaks, correlation coefficients get real ugly real fast.

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governance_lurker

· 01-16 00:24

The middle band is holding quite steadily. This pullback is indeed a breather and not a big problem. You can start positioning around 3290 and wait to push towards 3370.

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RugResistant