2025-12-23 06:24:39

Ethereum performed quite well yesterday, smoothly pumping to around the first target of 3050. However, it subsequently pulled back and was unable to effectively break through the range of 3050 to 3072. Now, the key point is to see if the support zone from 2972 to 2988 can hold.

This support level is quite important. If it can hold here, there will still be room for a rebound; but if it breaks down, this round of rebound will basically be over, and we should start considering a bearish approach.

Today's trading strategy consists of two scenarios. The first is a bullish opportunity – when the price finds support in the range of 2972 to 2988, one can consider entering a long position. The stop loss for this entry is set at 2968, and the target take profit is aimed at around 3030. The second is a bearish opportunity – if the price ultimately breaks below this support range, there's no need to rush to short. A more prudent approach is to wait for the price to rebound and turn this range into a resistance level before entering a short position. The stop loss for the short position is set above 2988, with the target aimed at around 2885.

In summary, the current market trend is still determined by the support level of 2972 to 2988, which is also the most notable point today. The market itself carries risks, and everyone should manage their positions well and make independent judgments.

ETH0.9%

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HashRateHustler

· 12-23 06:55

If the 2972 barrier is really broken, the short positions strategy will have to start. Wait, 3050 hasn't held above? Then the rebound might really come to a halt. If this support level can't hold, we need to seriously consider reducing position. It's the same old two-way operation... we have to watch the market to know if it breaks or not. If 2972 breaks, I'll exit directly; there's no need to bet on a rebound. If it rebounds to 3030, it's time to run; I feel the top is right there. When the support breaks, it's easiest to get trapped; this time we need to be cautious.

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LayoffMiner

· 12-23 06:43

This support level is really a lifeline, if it breaks, it’s time to buy the dip or run, it all depends on this The rise to 3050 seems a bit weak, a pullback is not unexpected... The key is whether 2972 can hold Damn, it's another day of watching the support level, it's always so critical If 2972 breaks, I’ll exit directly, wait for a rebound to re-enter, not betting on this Both long and short have opportunities, but the premise is not to get trapped, the stop loss really needs to be set well If this wave breaks the support, I’ll just watch, shorting at the rebound resistance level is more prudent.

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HypotheticalLiquidator

· 12-23 06:33

Whether it breaks 2972 is the key point; if it breaks, just wait for the domino effect. --- Once again, the support level determines everything; it sounds like gambling. What about risk control? --- The stop loss at 2968 is a bit too close; with such a high borrowing rate, playing like this will get you liquidated. --- Is this the only space for a rebound? It looks like a trap to suffocate the long positions. --- Waiting for a rebound to shorting is a good move; at least it avoids the risk of being washed out. --- At this position of 2972... I bet it won't hold; systemic risk is right here. --- Once the health factor drops, the liquidation price won't give you time to react. --- It sounds grand, but in fact, it’s just betting on this support; nothing new. --- How many times has the phrase 'manage your position' appeared? Yet some people still get liquidated. --- Take profit only at 3030? It looks like setting up the short positions for catching a falling knife. --- A chain liquidation might be triggered at this critical position; don't be too greedy. --- The support level is paper-thin; once market sentiment turns, it cannot be played. --- Such high volatility and still wanting precise operations? That's laughable. --- It's a bit ironic to talk about risk control when the borrowing rate is skyrocketing.

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