ETH's recent movement, yesterday I focused on the pullback around 3500 for short positions. Although I didn't perfectly catch the top, the overall direction was correct.
Currently holding two positions, and it looks like we're approaching the strong support line at 3100. Space is quite limited. Planning to take some profits first—if 3150 can hold, there might still be a chance to push again into the 3500 to 3600 range. If you didn't get in earlier, you can wait until this retracement ends before considering a short entry.
To put it simply, if the price can stay steadily above 3100, I might try a small long position, aiming for a rebound to around 3500 then exit; but if it keeps grinding sideways at the bottom, don't expect too much.
If it breaks below 3045, it will likely continue downward, with levels at 2620 and 2250 needing close attention.
Looking upward, resistance is first at the 3250-3300 range, with the key level still at 3500-3600; downward support is prioritized at 3150-3100, and if it breaks below 3045, it might test 2900-2780.
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PrivateKeyParanoia
· 2h ago
This critical level at 3100 really needs to hold, or else it will keep dropping all the way down, feeling exhausted.
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AlwaysAnon
· 12-12 03:24
If you hold at 3150, you can still play this round; if it breaks, you'll have to admit defeat and watch from below.
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ChainDoctor
· 12-11 08:58
3100 is really a hurdle; once broken, you need to reconsider your strategy.
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GateUser-6bc33122
· 12-11 08:58
If 3100 can't hold, it's over. I bet it will break.
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NFTPessimist
· 12-11 08:57
If you can't hold 3100, what makes you think about 3500? You're just craving too much.
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orphaned_block
· 12-11 08:57
Holding at 3100 doesn't cut it; dropping straight down is what really gets the adrenaline going.
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Web3Educator
· 12-11 08:54
ngl this support at 3100 is literally the only thing keeping my shorts alive rn... if it breaks i'm basically cooked lol
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ThatsNotARugPull
· 12-11 08:37
Even with 3100 about to be broken, are you still hesitating on short-term longs? We need to be ready to test 2780 this time.
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BearMarketSurvivor
· 12-11 08:32
If 3100 can't hold, it's game over. Don't say I didn't warn you then.
ETH's recent movement, yesterday I focused on the pullback around 3500 for short positions. Although I didn't perfectly catch the top, the overall direction was correct.
Currently holding two positions, and it looks like we're approaching the strong support line at 3100. Space is quite limited. Planning to take some profits first—if 3150 can hold, there might still be a chance to push again into the 3500 to 3600 range. If you didn't get in earlier, you can wait until this retracement ends before considering a short entry.
To put it simply, if the price can stay steadily above 3100, I might try a small long position, aiming for a rebound to around 3500 then exit; but if it keeps grinding sideways at the bottom, don't expect too much.
If it breaks below 3045, it will likely continue downward, with levels at 2620 and 2250 needing close attention.
Looking upward, resistance is first at the 3250-3300 range, with the key level still at 3500-3600; downward support is prioritized at 3150-3100, and if it breaks below 3045, it might test 2900-2780.