Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
📌 January 19th ETH (approximately $3310): The weekly chart shows a medium-term bullish bias, while the daily chart is experiencing short-term downward pressure. Keep a close watch on the key zone of 3300-3320 in conjunction with volume.
1. Key Indicator Overview (January 19th)
- Price: approximately $3310, down 1.2% in 24 hours, volatility around $48, volume of $7.2 billion.
- RSI(14): 52.8 (neutral, momentum slowing).
- EMA20: $3318 (price below it, short-term weak).
- Supertrend: daily bearish, weekly slightly bullish.
- MACD( daily): decreasing red bars, fast and slow lines turning, risk of death cross.
2. Key Price Levels (Multi-timeframe)
- Support: 3300 (integer level), 3270 (strong support in the wave), 3220 (mid-term lower boundary).
- Resistance: 3320 (EMA20), 3380 (previous high), 3450 (strong mid-term resistance).
3. Multi-timeframe Analysis
- Weekly: moving averages are bullish, long upper shadow indicates selling pressure; RSI and MACD are stable, medium-term bullish.
- Daily: price below EMA20, Supertrend bearish, short-term correction, consolidating weakly.
- Hourly: sideways movement, watch for stabilization at support 3300-3320 and breakout signals at resistance.
4. Trading Strategies (Actionable)
1. Long Conditions: stabilize in the 3300-3320 zone, volume increases and price breaks above EMA20 (3318); target 3380, stop loss below 3280 (below 3300).
2. Short Conditions: weak rebound, break below 3270 and fail to recover; target 3220, stop loss above 3330 (above EMA20).
3. Wait-and-See Conditions: before clear breakout or breakdown, hold small positions or stay on the sidelines to avoid volatility risk.
5. Risk Warning
- Short-term volatility may reach 2%-3%; manage positions using ATR.
- If daily closes below 3270, expect a correction or deepening decline; if weekly closes with a long upper shadow, mid-term upward movement may face resistance.
- Macro factors (interest rates, regulation) and market sentiment could intensify volatility. Use stop-loss orders and control position sizes.