2026-01-04 18:22:19

From the 4-hour chart, Ethereum has already formed a clear head and shoulders pattern in the short term, which is a good technical signal. The hourly resistance levels are gradually moving upward, indicating that the bullish momentum is still accumulating. Currently, this candlestick is hovering near the upper boundary of the upward channel, and whether it can continue to break through depends on the next move.

The key is whether the yellow horizontal line below can hold. If it is not broken below, we will continue to look for a rebound, and this idea remains unchanged. The target is to watch the first horizontal resistance zone above to see if it encounters some resistance there. In the short term, the momentum is still quite positive, but attention should also be paid to the stability of the support below.

ETH1,14%

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LowCapGemHunter

· 9h ago

Whether the yellow line can hold or not is the key; if it breaks, it's time to cut losses.

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ForumMiningMaster

· 01-04 18:51

As long as the yellow line isn't broken, continue to go long. This logic makes sense.

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AirdropHunterZhang

· 01-04 18:51

Head and shoulders pattern? Looks like it, but I'm more concerned about whether that yellow line can save my cost basis haha. Once that yellow line breaks, I’ll be wiped out. Anyway, I got in on this wave by free riding the airdrop, so I’ll just consider it tuition fees. I believe in the signal of resistance level moving up, but only gamblers dare to go all-in. I can only watch as I keep bouncing back and forth. The first resistance above? I bet it won't break through, but I might be wrong again. That's just my style.

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WhaleWatcher

· 01-04 18:50

Head and shoulders pattern? I just want to see if this time can really break through, I've said the same before... Whether the yellow line can hold is the real key, everything else is just clouds. It's the same old story, rebound rebound, in the end, it still depends on whether the support below is stable. I'm a bit tired of this rhythm, when will there be a real explosion? Hold to rebound, break below to cut losses, the fate of the leek is already written, ha

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MEVHunterBearish

· 01-04 18:48

If the yellow line breaks, this rebound will be over. Just watch.

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TradFiRefugee

· 01-04 18:48

Once the yellow line is broken, this rebound will need to be reconsidered. Currently, I remain optimistic.

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ZkProofPudding

· 01-04 18:45

If the yellow line can't hold, we need to turn bearish again. Don't be too greedy.