2026-01-02 14:23:04

Ethereum Price Trend Observation at the Beginning of January

Currently, the 3030 level appears to be particularly critical—it has become the dividing line between short-term bulls and bears. If it stabilizes above this level, the next target is 3070; further up, it would be a breakout confirmation of the 3030 threshold itself. On the downside, 2950 is a relatively strong support level; if it breaks, then watch 2880.

From a technical perspective, the 4-hour MACD has shown a bullish crossover at a low position, and the RSI is in a neutral to slightly strong state. The daily chart currently lacks a clear directional trend, so be cautious of false breakouts.

Trading strategy: For those going long, you can try a small position when the price retraces to 2950 but does not break below, with a stop-loss at 2920. The initial target range is between 3030 and 3070. If the price successfully breaks above 3030 and confirms a pullback, consider adding to the position.

For short positions, when the price spikes in the 3030 to 3070 range with volume but fails to stabilize, you can take a small short position, with a stop-loss at 3100. The support levels are at 2950 and then 2880 if broken. This market indeed requires patience and caution.

ETH0.16%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
7
Repost
Share

Comment

0/400

GasFeeBarbecue

· 01-05 05:58

3030 is a critical threshold; if it can't be broken, you'll have to wait. There have been too many fake breakouts recently.

View OriginalReply0

rugdoc.eth

· 01-03 23:28

This level at 3030 is really tricky. I especially dislike this ambiguous market situation. Fake breakouts can really drive people crazy.

View OriginalReply0

MetaMasked

· 01-03 10:16

The 3030 level is the same as always. Let's see if it can hold steady.

View OriginalReply0

RektButSmiling

· 01-02 14:44

If 3030 can't hold, it's over. It feels like we're about to hit a new low again.

View OriginalReply0

SmartContractDiver

· 01-02 14:44

3030 this level is really holding tight, I bet it won't break... --- It's another fake breakout, I saw it coming early, this time I'm not jumping in --- I feel 2950 is hard to hold, I might really need to run when the time comes --- Trying a small position? Ha, I’ll just go short directly, as long as I set my stop-loss properly --- MACD golden cross has returned to a golden cross, the daily chart is so ambiguous, who dares to hold a heavy position... --- Feels like this wave is just repeated manipulation, wait until it drops to 2880 before acting --- Wake up, those long positions, the resistance above 3030 is too strong --- A bit nervous about this range-bound consolidation, better wait for a confirmed breakout before acting --- Breaking 2950 is truly dangerous, that’s the critical point that could be deadly

View OriginalReply0

CexIsBad

· 01-02 14:44

This level at 3030 is really tightly blocked, feels like another fake breakout is coming...

View OriginalReply0

Tokenomics911

· 01-02 14:33

3030 this level is really testing repeatedly. It feels like it should have broken long ago, but it's just dragging on. It's a bit annoying. --- The MACD golden cross has appeared again. Is this time reliable? Anyway, I’ll wait for a pullback before making any moves. --- Another false breakout warning. I can't clearly see the direction on the daily chart. Still, I need to be cautious. --- The idea of going long is still okay, but I don't really trust the 2950 support. It feels like retail investors might cut losses as soon as it touches. --- Setting a stop loss at 2920 sounds easy, but in practice, that small space isn't enough. It gets hit quickly. --- When will the market give some clear signals? It’s oscillating at this price level every day. It’s really exhausting. --- Trying a small position is the right move, but if the 2880 bottom line really breaks, that would be a big deal. --- The 3070 target still feels a bit far. Let’s get past 3030 first. --- Pushing high with volume but not stabilizing before shorting? I’m afraid this is a retail trap. --- Patience and caution sound simple, but when it comes to the market, you forget everything. Discipline is still necessary.

View OriginalReply0