#加密生态动态追踪 Non-farm payroll data just came out, with 64,000 new jobs added, significantly exceeding the expected 50,000. As soon as the news was released, the market reacted immediately—Ethereum dropped sharply.
Just look at this 5-minute chart to understand. The price surged to $2982.10 around the data release but then turned downward, leaving a beautiful long upper shadow. This is a classic trap pattern—one false move.
Currently, Ethereum is quoted at $2940.81, with resistance confirmed in the $2980-$2985 range. If it rebounds but still can't break through with volume, then this level should be considered for reducing positions or looking for shorting opportunities.
The support levels below are first around $2940, which is the current line of defense. Further down is $2916, but the truly important level is the daily support between $2880-$2900.
From a technical perspective, it's quite clear—short-term moving averages have been broken, and every rebound gets stuck. The more this happens, the greater the opportunity for bears. But discipline is key: during the initial phase of a decline driven by macroeconomic negative news, volatility can be wild, and retail traders are more likely to get caught out. Don't try to guess the bottom or rush to catch the rebound. Wait until the market forms a clear downtrend structure, and only follow at the most confirmed points—that's the way to survive.
Trading, in essence, is about dealing with probabilities, not gambling. Wait for the optimal entry point, steadily ride the core trend, which is far more profitable than frequent trading.
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GweiTooHigh
· 12-16 14:22
It's the same old trick of诱多, seasoned traders have fallen for this before. Dropping 2980 is truly a game-changer.
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InfraVibes
· 12-16 14:18
It's another trap to lure in retail investors, who will have to cut their losses again.
Getting trapped again, this move is really ruthless.
If it doesn't break 2980, I won't move.
Wait for a clear signal before acting, no need to rush.
Are all the bottom-finders dead?
#加密生态动态追踪 Non-farm payroll data just came out, with 64,000 new jobs added, significantly exceeding the expected 50,000. As soon as the news was released, the market reacted immediately—Ethereum dropped sharply.
Just look at this 5-minute chart to understand. The price surged to $2982.10 around the data release but then turned downward, leaving a beautiful long upper shadow. This is a classic trap pattern—one false move.
Currently, Ethereum is quoted at $2940.81, with resistance confirmed in the $2980-$2985 range. If it rebounds but still can't break through with volume, then this level should be considered for reducing positions or looking for shorting opportunities.
The support levels below are first around $2940, which is the current line of defense. Further down is $2916, but the truly important level is the daily support between $2880-$2900.
From a technical perspective, it's quite clear—short-term moving averages have been broken, and every rebound gets stuck. The more this happens, the greater the opportunity for bears. But discipline is key: during the initial phase of a decline driven by macroeconomic negative news, volatility can be wild, and retail traders are more likely to get caught out. Don't try to guess the bottom or rush to catch the rebound. Wait until the market forms a clear downtrend structure, and only follow at the most confirmed points—that's the way to survive.
Trading, in essence, is about dealing with probabilities, not gambling. Wait for the optimal entry point, steadily ride the core trend, which is far more profitable than frequent trading.