2026-01-16 02:24:04

Ethereum just hit 3403 and was pushed back down. The seven-day moving average has been consistently suppressing the price, and the bearish alignment with the thirty-day moving average indicates short-term weakness.

After breaking below 3300, the rebound has been weak. Even with occasional small gains, it hasn't been able to stabilize above 3320. It looks like the previous low at 3272 may be tested again.

Currently, buyers are clearly lacking enthusiasm, and the entire market is oscillating downward. In this situation, shorting on rallies is the proper strategy.

Ethereum can consider short positions in the 3340 to 3370 range, targeting the 3280 to 3200 range. Pay close attention to the coordinated movements of BNB and XRP, as they can provide valuable reference.

ETH1,36%

BNB1,03%

XRP0,21%

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NFTArtisanHQ

· 01-17 21:29

the 7d/30d death cross is basically just the market's way of deconstructing eth's previous narrative... bearish structure screaming through price action rn. that limp bounce off 3300 feels like exhaustion tbh, 3272 round 2 incoming seems almost inevitable at this point

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StableNomad

· 01-17 05:25

ngl this feels like may 2022 all over again... weak bounces, dead cat energy, the whole thing screaming capitulation. statistically speaking when you get that bearish cross, it usually runs deeper than expected. not financial advice but i'd be watching that 3272 level like a hawk—think we tag it within 48hrs honestly

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CountdownToBroke

· 01-16 21:54

Once again, it got smashed down. This 7-day moving average is really incredible… That low at 3272 probably needs to be tested again, it's pointless. It's ridiculous that there are still people taking the bait despite the clear downtrend. Short on rallies, entering around 3340-3370 shouldn't be a problem. We need to keep an eye on how BNB and XRP are moving.

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FlashLoanPrince

· 01-16 02:52

Pushing down again, this level at 3300 is really tough, feels like another wave needs to be broken.

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StillBuyingTheDip

· 01-16 02:52

3272, that support level is back again. The bear setup is here, and the rebound is weak because no one is willing to take the buy-in.

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GateUser-e87b21ee

· 01-16 02:51

It's the same bearish arrangement again, boring. The last time I said this, I was also caught in a trap haha.

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CryptoPunster

· 01-16 02:51

Once again, I'm about to go all-in on a short position. Let me count how many times I've received such "signals" this month. Is the 3272 meetup holding its second session? That's hilarious. I thought the same last time. Shorting on rallies sounds super professional, but in reality, it's just betting that it will fall further. I'm betting my wallet will go empty first.

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RebaseVictim

· 01-16 02:46

Damn, that low point at 3272 is really about to break, the rebound is dead and useless. Going short on rallies is no problem, I’m doing the same. --- Another bearish arrangement, should buyers really wake up? --- Would you still dare to buy at 3340-3370? I wouldn’t. --- Constant suppression, when will it finally rise, so annoying. --- How about BNB? Is it time to go bearish too? Is anyone watching the market? --- Breaking below 3300 means no momentum left, this statement is so true, I totally agree. --- Targeting 3280 feels a bit optimistic, could it directly break 3200? Who knows. --- Now is all about shorting opportunities, long positions are dead.

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FortuneTeller42

· 01-16 02:37

3272 is coming again? I think it might need to drop further; the buying power is indeed gone.

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Gm_Gn_Merchant

· 01-16 02:36

3272, coming again? Damn, this time there's really no confidence; the rebound's strength isn't enough to hold up.

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