Ethereum daily chart overall maintains a bullish pattern, with indicators at all levels above the waterline, which usually suggests the possibility of continued upward movement. However, there is currently a relatively large resistance zone, and rushing in directly may not offer the best value.
From a price perspective, the upper target points to the 3285-3318-3350 range, which is a key resistance level to break through on the daily chart. The support levels below are at 3130, 3077, and 3050, with 3077-3050 being a relatively important support zone.
The momentum shown on the 2-hour chart is not strong enough, indicating that a direct hard top is unlikely. If the price can retrace to the vicinity of 3077-3050 and find support, entering long positions then would be more reassuring, and the risk-reward ratio would significantly improve. Currently, this position is better suited for observation, waiting for a better opportunity.
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MoneyBurner
· 01-08 00:02
Wait until it retraces to around 3050 before considering. Buying in now just means giving money to the big players.
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just_here_for_vibes
· 01-05 03:55
It's the same story of waiting for a pullback again, and every time it's said like this, but in the end, you still end up chasing the high...
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CountdownToBroke
· 01-05 03:54
That's right, chasing the high now really isn't worth it. It's better to wait until 3077 to enter again, the win rate will be higher.
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BlockchainBouncer
· 01-05 03:52
Wait, are you waiting for a pullback to 3050 before entering? Can we wait for this wave? Haha, it feels like it's going to fluctuate and shake people up again.
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HallucinationGrower
· 01-05 03:48
It's that "wait, wait, wait" argument again... I just want to ask, wait until when?
The promised support bounce, but what about it?
It's hard to say whether the 3050 line can hold, and we still have to wait patiently.
Ethereum daily chart overall maintains a bullish pattern, with indicators at all levels above the waterline, which usually suggests the possibility of continued upward movement. However, there is currently a relatively large resistance zone, and rushing in directly may not offer the best value.
From a price perspective, the upper target points to the 3285-3318-3350 range, which is a key resistance level to break through on the daily chart. The support levels below are at 3130, 3077, and 3050, with 3077-3050 being a relatively important support zone.
The momentum shown on the 2-hour chart is not strong enough, indicating that a direct hard top is unlikely. If the price can retrace to the vicinity of 3077-3050 and find support, entering long positions then would be more reassuring, and the risk-reward ratio would significantly improve. Currently, this position is better suited for observation, waiting for a better opportunity.