Although ETH has broken below some support levels, my view is that blindly shorting is not advisable. From a larger timeframe perspective, the trend line has not been effectively broken, and BTC is still some distance away from a key level. In this situation, Ethereum is likely to need a rally to repair its structure.



Specifically, at the operational level, the 3164 level is very important—it was the resistance in the previous cycle. My suggestion is to wait until BTC stabilizes and begins consolidating in the 939 to 943 range, or at least does not break below 3164 before considering entering long positions, with a stop loss set at 10 to 20 points. If unsure, you can also wait for a second test before entering, which can make the risk more controllable.

Another key area to watch is around 3216. There are quite a few trapped positions here, coupled with resistance at the 0.618 Fibonacci level, making the environment quite crowded. At this price level, it might be better to consider a short strategy, and remember to take profits when the momentum is strong—at least close out most long positions to maintain flexible capital management.
ETH2,82%
BTC2,18%
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NFTArtisanHQvip
· 1h ago
the structural narrative here is fascinating—eth isn't collapsing, it's deconstructing. there's a philosophical elegance to waiting for that second test, like benjamin's reproducibility thesis but applied to price discovery. 3164 as resistance transformed into support... that's the paradigm shift nobody talks about
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hodl_therapistvip
· 1h ago
Hey, wait a minute, if 3164 doesn't break, is there more? I need to think... Consolidation is so frustrating, better wait for the second test to be safer. Long-term trapped positions at 3216 are piling up; this level really shouldn't be stubbornly defended, change your approach. Wait until BTC 939 to 943 stabilizes before moving, otherwise it's like catching a flying knife. The rebound and structural repair sound comfortable, but I'm just worried it might repeat...
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ImpermanentTherapistvip
· 1h ago
Blind trading is just asking for death. Wait until BTC stabilizes before acting. --- The 3164 level must be taken seriously; a second test would be more reliable. --- There are too many trapped orders around 3216. Consider shorting there. --- Right now is a frustrating position; it's okay not to rush into an entry. --- Don't rush to add positions before the rebound comes; risk management is key. --- The 0.618 resistance plus trapped orders make this price level a real shorting opportunity. --- Wait and see; don't get shaken out, or it could be the worst. --- The major cycle trend hasn't broken yet; don't believe the bears' story. --- Taking profits is very important; greed will eventually make you pay. --- If it can't go below 3164, then a rebound is likely. Just wait patiently.
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ForkTonguevip
· 1h ago
Wait, can 3164 really hold steady? It feels like BTC is still tailing behind. Want to catch up but afraid of getting trapped, better wait for the second test to feel more at ease. That 3216 level is really congested; maybe shorting it later would be more profitable. Money management is easier to talk about than to do; every time I just want to take a gamble.
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LayerZeroHerovip
· 2h ago
Oh no, 3164 is really a hurdle. I've been stuck here for a long time. Wait, if BTC drops below 943 again, I'll just accept the loss directly. There's no need to stubbornly hold on. At 3216, there are too many trapped positions, making it easy to be smashed. It's better to be cautious. The logic of catching up and repairing the structure sounds comfortable, but I'm just worried about getting trapped. Test again and re-enter. A cautious plan, anyway, there's no rush in this wave.
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