2026-01-09 04:30:25

Ethereum has indeed been volatile over the past 24 hours. Last night at 10 PM, it was pumped to 3052, then at 1 AM it reversed back to 3138; by 4 AM, a spike at 3087 followed, bouncing to 3110 before starting to hover sideways; this morning at 9 AM, both sides fired off, bouncing between 3148 and 3077, now drifting around 3106.

The market pattern looks quite classic: first a spike to trap the bulls, then a small V-shape to lure the bears, followed by another spike to harvest. Trading volume has remained sluggish, and the MACD golden cross and divergence are becoming more pronounced.

From a technical perspective, the key psychological level at 3100 is starting to feel shaky; if it breaks below, focus on the 3050-3000 range. On the upside, the 3150 resistance is quite heavy, so don’t chase too aggressively during rebounds.

For futures, I prefer to keep a light position, daring to go short lightly around 3120-3130, targeting 3080-3050.

ETH-0.46%

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FlashLoanLord

· 15h ago

Damn, this needle stabbing hurts my heart and liver. If 3100 doesn't break, we still have a chance. --- With such weak momentum, still wandering around, it feels like gathering strength. --- I'm also interested in going long at the 3120-3130 level, just hesitating. --- Once 3100 breaks, I’ll admit defeat directly; there's no need to fight the market to the death. --- That wave of double needles hitting simultaneously made me numb; I couldn't react in time. --- It feels like we need to tinker for another two days to see the direction clearly. Currently, neither bulls nor bears should be too aggressive. --- This MACD divergence does have some signs, but it could also just be a fake-out. --- The resistance at 3150 is correct; if we can't reach it, don't expect a bullish breakout.

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alpha_leaker

· 15h ago

It's the same old trick of cutting the leeks again; whether 3100 breaks or not depends on the market makers' mood. Who can withstand so many needle pricks? My stop-loss has been pierced. Light positions are the way to go; heavy positions are playing with fire. Can we bottom fish around 3080, friends? Or should we wait and see? With such poor volume, how can there be a directional market?

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TokenToaster

· 15h ago

It's the same old story of pinning and harvesting, this wave is really annoying. The trading volume is so dead, it feels like the big players are testing the bottom line. Breaking 3100 is really the dividing line; if it breaks, it will head straight to 3000. The problem is, do we dare to chase with this little money? Haha. A small short position to ride out a wave is also fine; anyway, we can't make big money, just play along with the market maker. This market rhythm is really dragging on, when will we see a real trend?

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NFT_Therapy_Group

· 15h ago

Staying up all night poking back and forth at this thing, it's really incredible. My stop-loss has been hit through. The 3100 line is really about to give way; it feels like it's going to break. I've already entered a small short position, just waiting for the 3080 wave, taking a gamble. The "pin stabbing harvest machine" tactic is really clever; the volume is dying out. This back-and-forth poking is making me a bit anxious, but I still prefer to stick with a light position strategy. The volume is dying out more and more; it feels like the market is about to change?

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