2026-01-11 14:24:13

ETH's recent pullback trend is gradually approaching a bottom. The current price is around 3050, an area that gathers multiple moving averages at their golden convergence points. Historically, whenever the price touches such key support levels, it often indicates a period of intensive accumulation by major institutions.

From a technical perspective, this wave of correction has fully released the bearish pressure. Looking upward, around 3200 has become a recent key target. If the price can effectively break through this resistance zone, the overall pattern will significantly improve, and an upward cycle may then unfold.

For traders interested in the current position, it is recommended to participate cautiously based on their own risk tolerance. The support role of the moving average system has shown stable performance historically, but market variables still require close attention.

ETH-0.24%

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GasWaster

· 23h ago

3050, it's time to bottom fish again. The main players will really pick their spots. Break 3200 to survive; if you can't break it, you'll keep getting beaten. I'm tired of the institutional "buy the dip" talk. If you can't gamble, then don't touch it. Moving average support? Historical patterns? Bro, history never repeats exactly. Feels like another wave of liquidation is coming, but I just can't resist the itch.

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GasGrillMaster

· 23h ago

3050 this level has really been stuck for so long, should the main institutions start to move? --- Gold dense points sound reliable, but not breaking 3200 still feels like a waste. --- Honestly, the support from moving averages has been historically stable, but I'm worried a black swan might suddenly come and disrupt. --- Has anyone bottomed out, or are we all waiting for the 3200 signal? --- Bottomed out, bottomed out, always saying bottomed out, will there be more selling next time? --- It's best if the bearish pressure has been fully released, otherwise we’ll keep getting beaten up. --- This thing about risk tolerance is just saying don’t go all in, got it. --- 3050 does look like a key level, just see if it can hold steady.

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airdrop_whisperer

· 23h ago

The 3050 level is indeed a good time to win big; looking at the dense moving averages, it seems institutions are laying low. Breaking through 3200 would be great, but for now, it's still an observation phase—don't be too aggressive. Historical patterns sound impressive, but in actual trading, it still depends on your own skills and judgment.

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ServantOfSatoshi

· 01-11 14:36

3050 this level is really hard to hold, let's wait until 3200 to get in again --- Is the main force accumulating here? Why do I only see retail investors cutting losses? --- I'm tired of hearing "bottoming out," every time they say that, it keeps falling further --- The moving average convergence zone sounds good, but I’ll wait for a rebound confirmation before playing --- Same old story, last time they said that, it directly broke 3000 --- Breaking through the 3200 resistance level is the real deal; anything else is too early to say --- Support? Haha, it's good enough if the main force hasn't run away --- Risk tolerance? My risk tolerance has long been trained out by the market --- If you ask me, this position is just a rebound opportunity, don’t overthink it --- The support at the convergence zone is average; watching the trading volume on the order book is the real indicator

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CryptoSourGrape

· 01-11 14:26

If I had known earlier that 3050 was a trap, I wouldn't have been so hesitant. Now I just feel regretful.

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LiquidatedNotStirred

· 01-11 14:24

If the support at 3050 can truly hold this time, 3200 is within reach. It will then depend on whether the main players really want to buy in. The idea that the main players are heavily accumulating here is often said, but there have been many breakouts as well. Are the moving average supports stable? Just because history looks good doesn't mean the next time will be the same; we still need to watch the market sentiment. This level is indeed tempting, but I need to wait and see more. I don't want to become the bag holder. Breaking through is the real signal. Anything said now is premature; wait for clearer signals before taking action.

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