Recent Trend Observation: Can the Rebound Strength Break Through the Key Resistance?



Market data shows that since December 13th, ETH has faced significant technical resistance. The EMA99 moving average is around $3160, serving as a critical resistance level. Based on the latest 24-hour liquidation data, short positions have been liquidated to a scale of 9.31 million, 1.4 times the long liquidations, reflecting the ongoing tug-of-war between bulls and bears.

From the perspective of major capital flows, there are clear signs of large-scale fund outflows recently. Whether the current rebound can effectively break through technical resistance is a key issue. According to technical analysis:

📊 Key Range Reference:
Resistance zone above $3130-$3150 (an important reference for the rebound)
Stop-loss reference line above #数字资产生态回暖
Support levels below $3075 and $3000

From the current pattern, although bears are under liquidation pressure, they still maintain control over the downward trend. Under the dual influence of major capital pressure and technical factors, the sustainability of the short-term rebound warrants observation.

Core trading advice: When the overall trend is clear, seize trading opportunities at key levels and strictly control risk exposure. Blindly chasing rebounds is less effective than waiting for technical confirmation to position. Data speaks for itself—let logic, not emotion, guide your decisions.
ETH-0.49%
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BridgeTrustFundvip
· 15h ago
The bears are still holding on, funds are fleeing, can this rebound really hold at 3150?
View OriginalReply0
MEVVictimAlliancevip
· 16h ago
The bears are so fierce, even after a 9.31 million liquidation, they still insist on pushing it down. That's really interesting.
View OriginalReply0
HalfPositionRunnervip
· 16h ago
The short squeeze this time is so intense, longs still need to be cautious. If it can't break 3150, they should withdraw.
View OriginalReply0
pvt_key_collectorvip
· 16h ago
The short positions are getting wiped out so badly, yet the bulls still can't break 3150? That's really disappointing.
View OriginalReply0
GasWastingMaximalistvip
· 16h ago
The bears are still holding on, with 9.31 million liquidation not breaking below 3150—how strong does that make it?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)