Looking at ETH's recent trend, last night's surge around 10 PM was quite impressive. It pushed up from below to test the key level at 3300, but the bulls didn't seem strong enough to hold, and it retreated. At 1 AM, it even broke below the 3200 support level, but then quickly rebounded in a V-shape, once again targeting 3300.
From a technical perspective, 3300 is the main resistance level above, and 3200 has become a critical support. These back-and-forth tests actually present some trading opportunities.
The strategy is as follows: prefer to position for short positions around 3300. If the price continues to rise to the 3365 range, you can add to your position in stages based on the situation (flexibly choosing between 1:1, 1:2, or 1:3 risk-reward ratios). However, if it effectively breaks through 3400, stop-loss and take-profit should be implemented—don't hold on stubbornly. The 3200 level below can be considered as a take-profit point. Overall, strict adherence to risk management rules is essential.
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SandwichDetector
· 20h ago
The 3300 level is really quite tough; the bulls are struggling.
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OnChainSleuth
· 01-07 08:20
This level 3300 is really a bit annoying. Every time the long position touches, it shrinks. Feels like there's not much confidence.
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SolidityJester
· 01-07 03:50
This 3300 level is really interesting. The bulls are weak, and it feels like we need to try a few more times.
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TokenomicsTrapper
· 01-07 03:45
ngl this looks like textbook exit pump pattern, watched the same v-bounce play out three times last month before the rug...
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ZeroRushCaptain
· 01-07 03:35
3300? Again 3300... No matter how I look at this level, it seems like a reverse indicator. I understand very well that the bulls are weak. Usually, it's a sign of a decline.
High-altitude short? Bro, I tried that approach last time too. As a result, the move past 3365 directly broke through 3400. The money from the stop-loss order is still sleeping in the bank card.
A V-shaped rebound sounds pretty, but I bet five cents that in two hours, it will come back to test the support again. That's just how this battlefield operates.
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ProofOfNothing
· 01-07 03:35
3300 this level, the bulls are indeed timid, feeling like they will continue to be repeatedly tested around 3200
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Wait, are you serious about the 1:3 position management? It seems to carry an absurdly high risk
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The V-shaped rebound is so fast, I always feel like it will crash again in the next second. Maybe I should wait and see
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Breaking below 3200 and then bouncing back up, it seems like this level is quite strong. Repeatedly hammering the bottom often presents an opportunity
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Short positions at 3300 sound good, but this cycle is too short, making it easy to be washed out
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It's always about risk control, easy to talk about, but when it comes to losing money, who still thinks about stop-loss?
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MultiSigFailMaster
· 01-07 03:33
This 3300 level is really a bit tricky. I'm also watching short positions, just worried that if this breakout happens, it will just crash right in.
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ChainChef
· 01-07 03:32
ngl this eth recipe is looking half-baked rn... 3300 keeps rejecting like undercooked soufflé, not convinced the bulls have enough seasoning left tbh. that v-bounce was tasty but idk if it's got enough liquidity depth to hold 🤔
Looking at ETH's recent trend, last night's surge around 10 PM was quite impressive. It pushed up from below to test the key level at 3300, but the bulls didn't seem strong enough to hold, and it retreated. At 1 AM, it even broke below the 3200 support level, but then quickly rebounded in a V-shape, once again targeting 3300.
From a technical perspective, 3300 is the main resistance level above, and 3200 has become a critical support. These back-and-forth tests actually present some trading opportunities.
The strategy is as follows: prefer to position for short positions around 3300. If the price continues to rise to the 3365 range, you can add to your position in stages based on the situation (flexibly choosing between 1:1, 1:2, or 1:3 risk-reward ratios). However, if it effectively breaks through 3400, stop-loss and take-profit should be implemented—don't hold on stubbornly. The 3200 level below can be considered as a take-profit point. Overall, strict adherence to risk management rules is essential.