ETH needs to be closely watched tonight. The hourly chart has been hovering along the lower edge of the triangle, which is actually quite risky at this position.
Look, the 3180 level isn't just randomly chosen — the previous rally on the left side broke out from this point (marked by the yellow arrow), and only after breaking 3180 did the subsequent rally occur. Now, if it falls below 3180 again, following the logic of "where it rises from, it falls back to," the target would be around 3069. The triangle breakdown combined with the key support loss signals that there's not much to say.
Looking upward? 3220 is a hurdle; it's the neckline. Only a breakout above this level would indicate a decent rebound. If it can't break through, don't overthink it. Honestly, identifying the neckline is half the battle in trading — it's extremely critical.
**Operational references**: - If there's a volume breakout above 3215, consider going long on the rebound. - If it drops below 3189 with volume, go short accordingly. - Remember to watch the volume; don't just look at the price. Set proper stop-losses and avoid fighting against the trend.
**Level predictions**: - If the hourly chart holds above 3220, the upside space is 3279-3335. - If it breaks below 3180 on the 4-hour chart, the downside targets are 3098-3039.
One last reminder: the 4-hour bullish trend line has already been broken. Until the price recovers above the trend line, be cautious about going long. Currently, the probability of a move downward is higher. Upward movement? That condition isn't visible for now.
That's it. Keep an eye on key levels and avoid chasing blindly.
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GateUser-2fce706c
· 12-11 15:16
The opportunity has arrived, brother. This key zone between 3180-3220 is the secret to wealth. I've always said that technical analysis can be the biggest liar, but the neckline never lies. I emphasized this logic repeatedly two years ago, and now it's finally confirmed. You need to understand what it means when the trendline breaks. With such a high probability of downward movement, instead of struggling to go long, it's better to take the lead and position for a short at the high point. Time waits for no one.
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BankruptcyArtist
· 12-11 11:54
3180 breaking below basically means heading straight for 3069. The probability of this downward move is indeed higher, so you need to stick to your stop-loss, buddy.
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ForkLibertarian
· 12-11 11:54
Once again, the critical level is 3180. It's really annoying to drag around here every time; who knows, it might just drop straight down someday.
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LazyDevMiner
· 12-11 11:53
3180 breaking means you have to run, you can't be timid in this wave
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DefiOldTrickster
· 12-11 11:53
This barrier at 3180, I broke through it back then. Looking back now, that same logic still holds—the moment it breaks, you have to run; don't think about bottom-fishing.
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BearWhisperGod
· 12-11 11:52
3180 is really the life-and-death line; if it drops below, it's all over. The previous gains will be for nothing.
ETH needs to be closely watched tonight. The hourly chart has been hovering along the lower edge of the triangle, which is actually quite risky at this position.
Look, the 3180 level isn't just randomly chosen — the previous rally on the left side broke out from this point (marked by the yellow arrow), and only after breaking 3180 did the subsequent rally occur. Now, if it falls below 3180 again, following the logic of "where it rises from, it falls back to," the target would be around 3069. The triangle breakdown combined with the key support loss signals that there's not much to say.
Looking upward? 3220 is a hurdle; it's the neckline. Only a breakout above this level would indicate a decent rebound. If it can't break through, don't overthink it. Honestly, identifying the neckline is half the battle in trading — it's extremely critical.
**Operational references**:
- If there's a volume breakout above 3215, consider going long on the rebound.
- If it drops below 3189 with volume, go short accordingly.
- Remember to watch the volume; don't just look at the price. Set proper stop-losses and avoid fighting against the trend.
**Level predictions**:
- If the hourly chart holds above 3220, the upside space is 3279-3335.
- If it breaks below 3180 on the 4-hour chart, the downside targets are 3098-3039.
One last reminder: the 4-hour bullish trend line has already been broken. Until the price recovers above the trend line, be cautious about going long. Currently, the probability of a move downward is higher. Upward movement? That condition isn't visible for now.
That's it. Keep an eye on key levels and avoid chasing blindly.