2026-01-09 04:30:03

Ethereum's early trading session technical overview: The recent price action has been oscillating within the 3100-3130 range. Yesterday, the long lower shadow suggested a potential bottoming out and rebound, but frankly, the short-term downtrend has not been completely reversed.

On the MACD indicator, bullish signals are gradually strengthening, with the histogram shrinking, but a clear golden cross has not yet formed. The RSI is currently around 45.8, indicating a neutral to slightly weak level, with no signs of overbought or oversold extremes. Regarding moving averages, EMA7, EMA30, and EMA120 are displaying a typical bearish alignment, but there's a detail—EMA7 has started to turn upward and is approaching EMA30, hinting at a possible short-term rebound momentum.

From the volume perspective, yesterday's trading volume significantly increased, showing signs of capital inflow. However, the volume in the early trading hours today remains moderate, and there isn't enough momentum yet to break through the resistance level above. Overall, the market is in a waiting phase; the foundation for a rebound is in place, but whether it can break through effectively remains to be seen.

ETH-0.77%

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just_another_fish

· 01-09 05:00

It's that damn 3100-3130 range again. I'm really fed up. When will we finally break through?

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ZenZKPlayer

· 01-09 05:00

Still waiting, this time it still feels like something is missing. Don't expect a breakthrough until the volume picks up.

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Liquidated_Larry

· 01-09 04:59

Still waiting? I'm damn afraid of this "waiting phase." Last time, waiting like this, it just dropped through.

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FlashLoanKing

· 01-09 04:59

Once again, we're in this confusing market situation. When EMA7 approaches 30, I get excited, but I think it's uncertain.

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FundingMartyr

· 01-09 04:59

Still hovering around 3100, this bottom is dragging on. If it were really going to rebound, it would have already risen. Let's wait, the momentum isn't strong enough yet. EMA7 has turned, but I don't believe it; without volume support, it's all talk. Why are we back to the waiting phase? Every time we wait, what are we waiting for? It feels like it needs to be shaken out again. Don't get caught in a trap, brother.

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MetaMisery

· 01-09 04:57

Honestly, the consolidation between 3100-3130 is a bit annoying, feels like it's just grinding people down. Let's see if it can break through; the current signals are still too ambiguous. EMA7 is approaching upwards, sounds good but the strength is indeed not enough. Trading volume is so mild, whether it can break the resistance level is really uncertain. There are signs at the bottom, but I don't dare to go all in; this kind of market is the most heartbreaking. Yesterday's long lower shadow made me think it would rebound, but today it’s a bit weak again. It would be great if the volume picks up a bit; the current temperature simply can't sustain the rhythm. The waiting period is the hardest, who knows if the rebound is a trap or not. MACD hasn't crossed yet, don't rush to be bullish. Honestly, RSI around 45 is almost a 50/50 situation. Let's see if it can hold steady at 3120; this level is quite critical.

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GweiWatcher

· 01-09 04:54

Still bouncing between 3100-3130, it looks like a rebound is coming, but I still don't dare to get too excited. EMA7 turning upward sounds good, but the trading volume is too mild, and the rebound doesn't seem strong enough. Waiting to see when it can truly break through the resistance level. Staying on the sidelines for now is the safest. If it can stay above 3130, then it's somewhat interesting; otherwise, it's just a pie in the sky. Insufficient volume means a false rebound. That's a painful lesson I’ve learned through blood and tears.

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