2026-01-09 04:32:00

Ethereum's chart shows a three consecutive daily bearish candles pattern, and a weak trend has been established. Although the lower shadow provides some support signals, the overall bearish structure has not improved. Switching to the 4-hour chart, the rebound continues to be suppressed below the middle band, and multiple attempts by the bulls to break through this resistance level have failed, indicating a clear lack of upward momentum.

This current rebound is merely a technical retracement after a correction and is unlikely to change the overall downward trend. The trading strategy remains primarily bearish. Reference zone: around 3150-3180, where resistance can be considered for short positions. Downward support levels to watch are 3050-3000, and if the decline accelerates, look towards around 2920. Keep an eye on Bitcoin for synchronized movements.

ETH1%

BTC0,13%

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GameFiCritic

· 01-09 06:55

It's the same old story again. The bulls are repeatedly taught lessons and still trying to push higher? Frankly, this is the market clearing process. The incentive model for retail investors should have been restructured long ago. I am optimistic about the short positions, but whether 2920 can hold is the key.

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OnChainDetective

· 01-09 05:02

Wait, why does the 3150 level seem to have been brushed multiple times? Can on-chain transfer data be checked... It feels like a big holder is repeatedly testing.

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TaxEvader

· 01-09 05:02

Three consecutive declines like this and still want a rebound? Dream on. See you at 2920.

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FantasyGuardian

· 01-09 04:59

Is this the same old rhetoric again? Three consecutive bearish candles mean a death cross? I think the bulls were just scared out.

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PumpBeforeRug

· 01-09 04:53

Another three consecutive bearish candles. Is this time really going to break the support level? It feels like the bulls are losing momentum.

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CascadingDipBuyer

· 01-09 04:41

Another three consecutive bearish candles, is this really the break below? Is this all the bulls have?

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DefiPlaybook

· 01-09 04:37

Once again, a classic technical breakdown. The bulls are really out of strength this time. They can't even break the midline and still want to turn things around? The resistance level at 3150 is indeed worth considering short positions. But honestly, the probability of these support levels breaking down is higher than the success rate of some project code audits [dog head].

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