Looking at the recent trend of Ethereum, a fascinating phenomenon has been observed — Bitcoin has already completed a four-hour rebound wave, but Ethereum is still stagnating, which clearly shows how weak its technicals are.
From a technical perspective, Ethereum is currently in the process of a four-hour downward wave. More importantly, the four-hour MACD has already broken below the zero line, and the daily chart shows a strong top divergence signal. All these indicators point in one direction — a high probability of a daily-level downward wave forming.
From a trading standpoint, if Ethereum can rebound and form a four-hour wave, it would be a good shorting opportunity. The current support levels to watch are 3052 and 3056, the two parallel lows, to see if a small rebound can occur here. Maintain short-term observation, and once these key levels are broken, the next steps will become clearer.
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FlashLoanLarry
· 1m ago
eth lagging behind btc rebound? nah, this is just capital reallocation inefficiency playing out in real time. opportunity cost of holding here is brutal fr
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MintMaster
· 11h ago
ETH is starting to underperform again. BTC has already rebounded, but it's still sleeping there.
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AllTalkLongTrader
· 01-10 05:56
It's been obvious for a while that ETH is really weak this time. BTC has already rebounded, but it's still dragging its feet. If it drops below 3056, it's time to take action.
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RadioShackKnight
· 01-10 05:56
ETH has softened again. While BTC is rebounding, it's still holding on there. The technical analysis is really weak.
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Liquidated_Larry
· 01-10 05:54
ETH really can't move up, BTC has already rebounded and it's still sleeping there. How bad is the technical situation?
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BTCBeliefStation
· 01-10 05:47
ETH is really weak this time. BTC has already rebounded, and it's still sleeping. Still want to short? First, see if 3052 can hold.
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GasFeeTears
· 01-10 05:46
ETH is so weak, BTC has already rebounded and it's still lying there like a corpse, I really can't take it anymore.
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Is 3052 going to break or not? It feels like it will continue to dip...
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It's so outrageous that MACD has fallen below the zero line. Based on this trend, shorting is the way to go.
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Waiting for a rebound to short sounds good, but I'm just worried the rebound will be gone in a flash.
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Damn, why is Ethereum's technical outlook so weak? It feels like this round of the market is going to cool off.
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TradFiRefugee
· 01-10 05:39
I think ETH is really underperforming this time... BTC has already rebounded a bit, and it's still sleeping there.
Looking at the recent trend of Ethereum, a fascinating phenomenon has been observed — Bitcoin has already completed a four-hour rebound wave, but Ethereum is still stagnating, which clearly shows how weak its technicals are.
From a technical perspective, Ethereum is currently in the process of a four-hour downward wave. More importantly, the four-hour MACD has already broken below the zero line, and the daily chart shows a strong top divergence signal. All these indicators point in one direction — a high probability of a daily-level downward wave forming.
From a trading standpoint, if Ethereum can rebound and form a four-hour wave, it would be a good shorting opportunity. The current support levels to watch are 3052 and 3056, the two parallel lows, to see if a small rebound can occur here. Maintain short-term observation, and once these key levels are broken, the next steps will become clearer.