Ethereum's current performance is still quite tangled, with no effective breakthrough above the 3130-3150 zone. From a short-term perspective, the continued bearish logic remains quite valid.



On the technical side, the daily MA20 corresponds to the 3040 level, which also happens to be the 0.5 Fibonacci retracement level. The support significance in this area is quite clear. The ultra-short-term simulated position is currently short based on this idea. If the price can really fall to this level, it would be an ideal entry point.

Of course, the premise is that the bulls cannot effectively rebound. What does everyone think about this level? Do you have any different opinions?
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SchroedingerAirdropvip
· 01-12 01:15
The 3040 level indeed warrants attention, with MA20 combined with Fibonacci 0.5 support—it's quite interesting. However, I think the key is whether the bulls can hold steady at 3130. If the rebound fails, then the bearish logic will really be validated.
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FloorSweepervip
· 01-11 22:31
ngl, 3040 is textbook accumulation zone but paper hands gonna panic sell before we even get there lol... fibonacci hits different when sentiment's this weak tbh
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AirdropLickervip
· 01-09 12:52
3040 this level is indeed interesting, Fibonacci plus MA20 double resistance, no problem with being bearish. --- Speaking of which, if the bulls really want to rebound, they need to reconsider, but currently this position is indeed weak. --- Wait for 3040, feels like there's no suspense. --- What are you hesitating for? Just short at 3130 and it's done. --- Follow your approach, entering long at 3040 should be stable. --- Bulls' rebound is pointless, being bearish is the right call.
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BottomMisservip
· 01-09 12:31
3040 is really a sweet spot. MA20 combined with Fibonacci double resonance—just waiting for the bulls to break through.
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NFTFreezervip
· 01-09 12:30
3040 is indeed an interesting level, with MA20 aligning with Fibonacci levels, increasing the probability. The bearish strategy is fine; now it depends on how the bulls hold up. If this rebound doesn't reach 3150, it will basically have to move downward.
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