Ethereum has been oscillating within the 3052-3300 range, but from the hourly chart, the price has been suppressed below the middle band of the Bollinger Bands, with the upper and lower bands narrowing. This often indicates increased volatility and an upcoming trend direction choice.
From the MACD indicator, the blue line below the zero axis shows signs of upward movement, and a golden cross is imminent. However, this rebound appears to be limited in strength—comparing the trading volume reveals a clear clue: the trading volume during the rebound period has significantly shrunk, indicating a typical low-volume rebound, and its sustainability is questionable.
The price trend further confirms this point. From 3300 downward to the present, the rebound has not even broken through the middle Bollinger Band, highlighting a weak market structure. Combining the pattern and volume dimensions, signs of bearish dominance are quite evident.
The core trading strategy is as follows: when the rebound reaches around 3155-3165, consider gradually opening short positions. This range serves as a previous support zone of a small platform and is close to the middle Bollinger Band, offering a relatively reasonable risk-reward ratio. Set a firm stop-loss above 3205; if the price breaks this level, the short-term downtrend will be invalidated, and stop-loss should be executed promptly.
Regarding downside targets, the recent support near 3080 is a key level, with a longer-term target around 3050.
Overall, the market currently shows a bearish dominance with weak rebounds. Instead of repeatedly guessing at the bottom, it’s better to patiently wait for the moment when rebound momentum exhausts. Strictly follow the plan, manage risks properly, and let the market trend verify the judgment.
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MetaverseHobo
· 01-09 05:49
Unlimited rebound? Then just wait, anyway we have plenty of patience.
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JustAnotherWallet
· 01-09 05:49
The rebound in Wulian is just for fun; wait until it breaks below before discussing further.
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StakeOrRegret
· 01-09 05:48
Unlimited rebound... It seems this wave doesn't have much strength, the bears are about to take off.
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DefiEngineerJack
· 01-09 05:29
lol the volume thesis here is actually™ doing some heavy lifting, but where's the formal verification on those bollinger band assumptions? 🤔
#以太坊大户持仓变化 ETH Technical Analysis: Short-term rebound lacks strength, bearish opportunities gradually emerge
Ethereum has been oscillating within the 3052-3300 range, but from the hourly chart, the price has been suppressed below the middle band of the Bollinger Bands, with the upper and lower bands narrowing. This often indicates increased volatility and an upcoming trend direction choice.
From the MACD indicator, the blue line below the zero axis shows signs of upward movement, and a golden cross is imminent. However, this rebound appears to be limited in strength—comparing the trading volume reveals a clear clue: the trading volume during the rebound period has significantly shrunk, indicating a typical low-volume rebound, and its sustainability is questionable.
The price trend further confirms this point. From 3300 downward to the present, the rebound has not even broken through the middle Bollinger Band, highlighting a weak market structure. Combining the pattern and volume dimensions, signs of bearish dominance are quite evident.
The core trading strategy is as follows: when the rebound reaches around 3155-3165, consider gradually opening short positions. This range serves as a previous support zone of a small platform and is close to the middle Bollinger Band, offering a relatively reasonable risk-reward ratio. Set a firm stop-loss above 3205; if the price breaks this level, the short-term downtrend will be invalidated, and stop-loss should be executed promptly.
Regarding downside targets, the recent support near 3080 is a key level, with a longer-term target around 3050.
Overall, the market currently shows a bearish dominance with weak rebounds. Instead of repeatedly guessing at the bottom, it’s better to patiently wait for the moment when rebound momentum exhausts. Strictly follow the plan, manage risks properly, and let the market trend verify the judgment.