Ethereum currently maintains a clear bearish pattern. Although there are rebounds during trading, the strength of these rebounds remains limited. Essentially, they are technical corrections in a downward trend and do not fundamentally change the medium-term outlook.
From a trading perspective, the strategy remains the same—each rebound is worth considering as an entry point for short positions. Pay close attention to the resistance around 3120–3135. If it cannot break above this level effectively, the initial downside target is around 3050, with further declines possibly reaching the 3000 level.
Recently, market sentiment has been quite volatile, but the technical analysis of Ethereum still indicates that the bears are in control. Be patient and wait for rebound signals; act decisively when the time comes.
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AlphaWhisperer
· 7h ago
Rebound then shorted, I've been burned by this logic before.
It's that 3120 level again. Last time I believed it, I got washed out directly.
Let's see if 3000 can be broken downward; it's too early to say anything now.
Is the bears' control still in place? I doubt it; the funding situation is a bit strange.
Is the technical analysis reliable? The market is so chaotic that it's hard to predict.
I wasn't very optimistic before 3050; anyway, I'm not in a rush to buy the dip.
This recent decline feels a bit excessive; the small rebound is indeed risky.
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just_vibin_onchain
· 7h ago
A rebound is a signal to short. I've understood this logic long ago.
Honestly, I feel like the 3120 barrier is unbreakable; dropping to 3000 is only a matter of time.
The bear market isn't over yet, be patient and hold your position.
Another technical correction, it's boring.
Wait for a rebound signal; there will definitely be opportunities in this wave.
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TopEscapeArtist
· 01-09 02:57
Another short signal is here. Let me see if my stop-loss is still in place... I've been watching the key resistance at 3120 for a while, but I haven't dared to act, afraid of becoming the next bagholder.
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PonziDetector
· 01-09 02:55
A rebound is an opportunity to smash short positions. I understand this logic, but I'm just worried about slipping up.
Are the bears so strong that 3000 can hold?
It's both a technical correction and short-term control, sounds quite confident... Whether you believe it or not.
Is the 3120 line really that solid? I think it's uncertain.
Waiting for a rebound signal? Or just go short directly, no need to make it so complicated.
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RugResistant
· 01-09 02:52
ngl the 3120-3135 resistance zone is where it gets interesting... if that breaks, we're prob looking at a real flush down to 3000. analyzed thoroughly, red flags all over this bounce pattern tbh
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GateUser-1a2ed0b9
· 01-09 02:35
It's the same old pattern of bouncing back and then crashing again. The 3120 level still hasn't held up.
Ethereum currently maintains a clear bearish pattern. Although there are rebounds during trading, the strength of these rebounds remains limited. Essentially, they are technical corrections in a downward trend and do not fundamentally change the medium-term outlook.
From a trading perspective, the strategy remains the same—each rebound is worth considering as an entry point for short positions. Pay close attention to the resistance around 3120–3135. If it cannot break above this level effectively, the initial downside target is around 3050, with further declines possibly reaching the 3000 level.
Recently, market sentiment has been quite volatile, but the technical analysis of Ethereum still indicates that the bears are in control. Be patient and wait for rebound signals; act decisively when the time comes.