2026-01-08 02:30:59

Recently, Ethereum's performance has been quite interesting. On January 8th, it dropped by 2.74%, which indeed shows some pressure for the day — falling from a high of 23,100 RMB to around 22,100 RMB, with the USD price at over 3,164. The trading volume wasn't weak, totaling over 178 billion RMB in a single day.

But what's worth noting here is that when looking at longer cycles, the picture changes. The 7-day and 14-day gains are both quite solid, indicating that the overall upward trend is still intact. Short-term corrections might actually be a period of consolidation, and many are still bullish.

From this perspective, the single-day decline could just be a moment that's easily amplified by panic. Those in the know understand that such times often present good entry points. That's just how the market is — some days, you need to look a little deeper than the surface.

ETH0,15%

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PessimisticOracle

· 8h ago

A drop of 2.74% and you're panicking? I think this is just when retail investors are easily harvested. The high trading volume indicates that the main players are still in the game, don't sell blindly. Here we go again, every time there's a decline, someone calls for a bottom, but what's the result? I'm holding a wait-and-see attitude. Speaking of which, the 7-day moving average is still trending upward, short-term fluctuations are normal, stay calm. Is this wave trying to trick us into taking the bait again...

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MelonField

· 01-10 08:17

The high trading volume indicates that there are still people buying in. I'll just hold on tightly and wait for a rebound.

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BoredStaker

· 01-08 03:01

Here we go again with the same old story, always excuses for buying the dip. --- The trading volume is okay, but I'm more concerned about whether we can hold steady at 3200. --- Haha, just waiting for someone to panic sell, now's the time to quietly make money. --- Anyone can talk about extending the cycle, but the key is whether you still have bullets in hand. --- Short-term dormancy and long-term surge sounds good, but unfortunately, my account has been dormant for three months. --- A 2.74% drop is enough to find an entry point, no one has that mindset. --- Experts are all waiting for the data at the end of January, don't look for opportunities blindly. --- A trading volume breaking 1800 indicates someone is quietly accumulating, now that's a signal. --- It keeps falling, and you want me to buy in? Can't I just watch the show quietly? --- If the weekly chart could speak, I wouldn't need to tell you; it moves on its own. --- Buying during panic moments and then it keeps falling—this has happened several times. --- You see deeper than the surface, huh? Then why are you still losing money?

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WealthCoffee

· 01-08 02:59

The trading volume is so strong, yet the price is falling? Actually, it's a signal.

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MEVvictim

· 01-08 02:50

This drop looks intimidating, but actually, the high trading volume indicates that the bottom is quite solid.

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SoliditySurvivor

· 01-08 02:35

Are you panicking every time it drops? Is it really that simple, buddy?