Ethereum yesterday surged from 3130 all the way to 3383, showing a good momentum. After a one-day correction, it then pushed to 3403 to hit a new high, but the strength is clearly weakening. The price is oscillating at high levels with signs of a breakdown, and the likelihood of breaking out of the consolidation range to continue higher in the short term is low. From a technical perspective, now is a relatively good time to short, with many traders already positioning for short positions targeting around 3150. This lack of strength at high levels often indicates that a significant correction may be needed in the short term.

ETH-0,09%

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VitalikFanboy42

· 01-18 21:50

Lack of momentum at high levels, short positions have indeed been the mainstream these past two days, but I still hesitate to chase the short positions.

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MoonlightGamer

· 01-16 18:16

It's the same old trick. I'm most familiar with the lack of strength at high levels. The 3403 level didn't hold, and it directly retreated. Short positions should be laid out until 3150, and then it's all over.

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BearMarketBuilder

· 01-16 12:55

Is it another attempt to harvest the little guys? I don't think 3403 is definitely the top.

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Anon32942