The market sentiment has been quite interesting lately. From the daily chart, Ethereum's technicals are brewing a rebound. The KDJ and MACD are oscillating back and forth in the middle range, which actually indicates that the big players are accumulating strength—definitely not a sign of weakness.
The Bollinger Bands are currently under some downward pressure, but don’t be scared by this—it's just a normal technical pullback. More importantly, the support level at the bottom has become quite solid, and trading volume is gradually increasing. Looking at the moving average system, although it’s a bit messy in the short term, the 10-day moving average has already started to turn upward, which often signals a bullish reversal. As for the current downward pressure on the 5-day moving average? That’s purely the main force shaking out weak hands, clearing some hesitant positions. A breakout is highly probable.
If you're considering entering the market, Ethereum between 2900 and 2920 is a good opportunity, with a direct target of 3000. If that breaks, continue aiming for 3100. There may be many interesting points before this rally kicks off.
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BrokenRugs
· 12-26 05:28
It's another round of "gathering strength." I'm tired of hearing this phrase. Every time they say it's to shake out the chips and clear the positions, but what's the result?
If you're entering at 2900, I think you still need to wait. I really can't see through when the main players will make their move during this kind of fluctuation.
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BlockchainWorker
· 12-25 22:52
The manipulation by the market makers is something I've heard too many times, always saying it's to accumulate strength, but what’s the result?
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Entering at 2900? Forget it, I’d rather wait until it breaks below 2800. I don’t trust this kind of "hard support."
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When the 10-day moving average turns upward, it’s a bullish reversal. But how do you explain the dozen or so previous turnarounds?
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Here we go again, aiming for 3000. Feels like this target has been shouted for half a year now.
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Breaking the level is the real deal. Saying there's a high probability now is a bit too optimistic.
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Pre-holiday market movements are indeed easier, but it’s also easier to get trapped. Better to be cautious.
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I agree that volume accumulation is a good sign, at least it’s a positive signal. Let’s see about the others.
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Honestly, the Bollinger Bands pointing downward indicate pressure. Don’t fool yourself.
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Main players are shaking out chips; I hear this every week, haha.
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2920 is a good level; you can try it, but don’t go all in.
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I think the recent rebound of Ethereum is quite doubtful; the market sentiment hasn’t picked up yet.
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LootboxPhobia
· 12-25 22:46
Here comes the manipulation theory again. Every time, they say the big players are accumulating strength, but the result is a worse decline.
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BTCRetirementFund
· 12-25 22:42
Just shake out the weak hands, I didn't dare to get in anyway. I'll wait until it drops below 2850.
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MetaverseHermit
· 12-25 22:31
Is it another washout theory? Come on, I'm tired of hearing this excuse.
Wait, the 10-day moving average is turning up? Then I need to take a look.
Entering at 2900? Uh... I'll first see if the trading volume can really pick up before making any decisions.
The main force is accumulating strength, the main force is shaking out, why does it feel like everything is manipulated by the main force haha.
If it breaks 3000, I’ll believe in this wave of the market. But it’s still early.
It's the same old routine, first make a promise, then cut the leeks.
But the bottom does seem a bit solid, so it’s worth paying attention.
They’ve been hyping it up for so long without breaking through. Can it succeed this time?
Forget it, I’ll keep observing. Anyway, it’s not going anywhere.
Better to talk about how long this correction will last?
The market sentiment has been quite interesting lately. From the daily chart, Ethereum's technicals are brewing a rebound. The KDJ and MACD are oscillating back and forth in the middle range, which actually indicates that the big players are accumulating strength—definitely not a sign of weakness.
The Bollinger Bands are currently under some downward pressure, but don’t be scared by this—it's just a normal technical pullback. More importantly, the support level at the bottom has become quite solid, and trading volume is gradually increasing. Looking at the moving average system, although it’s a bit messy in the short term, the 10-day moving average has already started to turn upward, which often signals a bullish reversal. As for the current downward pressure on the 5-day moving average? That’s purely the main force shaking out weak hands, clearing some hesitant positions. A breakout is highly probable.
If you're considering entering the market, Ethereum between 2900 and 2920 is a good opportunity, with a direct target of 3000. If that breaks, continue aiming for 3100. There may be many interesting points before this rally kicks off.