Recently, the market liquidity is indeed tight, and whenever there is movement in the market data, it quickly surges, only to fall back into a sideways grind. Overall, the larger cycle is still dominated by short positions, and I haven't seen any signals of a reversal in the short term.



However, under this background, ETH can still find some short-term opportunities. In the range of 2960-2965, it is possible to consider gradually building long positions, as there are many buy orders here. Once it falls below 2920, it's important to reassess the strategy and set a solid defense point.

If the bullish trend progresses smoothly, the three levels of 2990, 3010, and 3030 will successively become reference points for taking profits. If there is a pullback in between, near 2935, one can choose to add positions, but the premise is that the overall direction is still intact. The market changes quickly, so understanding your stop-loss point is more important than anything else.
ETH0.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
LoneValidatorvip
· 12-23 08:53
Sideways is indeed tough to endure, but I'm also watching the 2960 level, feeling optimistic about it.
View OriginalReply0
LiquidityWitchvip
· 12-23 08:52
liquidity's been absolutely cursed lately... that sideways grind after every pump is literally killing me tbh. but ngl the 2960-2965 zone has some real alchemy brewing if you squint hard enough. dark pools whispering their secrets again
Reply0
MetaRecktvip
· 12-23 08:31
I'm really tired of days like this when liquidity is exhausted. Can this wave from 2960 to 2965 be caught at the bottom? To be honest, I'm a bit skeptical.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)