Looking at ETH's recent candlestick trend, after rebounding from the 3266 bottom, it is currently in a rather tangled position.
In the short term, both the 5-minute and 15-minute cycles show a rebound is underway, with momentum still above the middle band of BOLL, but the KDJ on the 1-hour chart (K value 50.64, D value 39.94) has not yet entered overbought territory, indicating that the upward space theoretically still exists. However, the reality is that the 3383 resistance level is there, and breaking through it is indeed not easy.
On the support side, 3266 is the 24-hour low, and 3300 is a psychological barrier. On the resistance side, 3383 is the 24-hour high, and 3403 is a recent stage high. From a 1-3 day perspective, it will likely be oscillating within this range, and whether it can effectively break through 3383 will be a dividing line.
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MEVHunterBearish
· 01-19 01:26
That 3383 hurdle, it still depends on whether the momentum can keep up; otherwise, I might have to go back to 3300 to tinker again.
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MissedAirdropBro
· 01-16 05:51
Another stagnant market situation, if 3383 can't be broken, it's just playing me.
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SelfMadeRuggee
· 01-16 01:58
3383 can't break through, so it'll just continue to fluctuate. Anyway, we'll just watch this area for the next couple of days.
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TrustlessMaximalist
· 01-16 01:52
It's that 3383 again, always getting stuck here. So annoying.
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FlashLoanKing
· 01-16 01:51
Why is this level 3383 so difficult? I keep getting stuck here every time.
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FreeMinter
· 01-16 01:47
This level 3383 is really tough, feels like ETH is just stalling here repeatedly.
If you can't break through, keep shaking it. Anyway, 3266 is holding up pretty well.
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wrekt_but_learning
· 01-16 01:46
Once again stuck at 3383, this resistance level really feels like a hard ceiling. If it can't break through, we'll have to continue oscillating.
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MerkleTreeHugger
· 01-16 01:38
3383 is really this tough? Feels like it's going to get hammered back again...
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It's that same 3383 drama again, whether it breaks or not, so annoying
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Short-term rebounds are less comfortable than holding long-term; what does this fluctuation matter
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KDJ hasn't even hit overbought yet and they're calling for a rise, I find that suspicious
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That 3300 line is the real test, don't be fooled by technical indicators
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Tossing around, breaking through, then we'll see; anything said now is pointless
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I just want to know when it can break through 3383, stop talking to me about indicators
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I see a rebound but 3383 is definitely a hurdle; if it can't get over it, it'll keep falling
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So many support lines, feels like there's still plenty of room below
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The watershed? Laughs, I didn't know how many watershed points there were before
Looking at ETH's recent candlestick trend, after rebounding from the 3266 bottom, it is currently in a rather tangled position.
In the short term, both the 5-minute and 15-minute cycles show a rebound is underway, with momentum still above the middle band of BOLL, but the KDJ on the 1-hour chart (K value 50.64, D value 39.94) has not yet entered overbought territory, indicating that the upward space theoretically still exists. However, the reality is that the 3383 resistance level is there, and breaking through it is indeed not easy.
On the support side, 3266 is the 24-hour low, and 3300 is a psychological barrier. On the resistance side, 3383 is the 24-hour high, and 3403 is a recent stage high. From a 1-3 day perspective, it will likely be oscillating within this range, and whether it can effectively break through 3383 will be a dividing line.