Market Briefing: Trading Opportunities at Ethereum's Key Resistance Levels
Ethereum is hovering at a critical turning point. The 3280-3250 range has trapped many—precisely, this is an ideal setup for short positions.
What does the technical analysis say? The 4-hour candlestick chart shows a bearish alignment of moving averages, with a clear accumulation of sell orders around 3300. The bearish pattern formed by yesterday's spike and pullback is still in effect, indicating continued selling pressure. The first target below is 3150, with further downside towards the 3100 level.
**Practical Steps:**
Enter short positions in batches around 3280-3250, targeting 3100, with a stop-loss placed above 3350. It sounds simple, but execution requires patience— the shakeout in the early hours indicates increased market volatility. If the price rebounds above 3280 and stabilizes above 3300, the bearish thesis needs to be reconsidered.
Short-term traders must control their position sizes and avoid greed. The key is to look for shorting opportunities at higher levels and avoid chasing lows.
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GateUser-74b10196
· 15h ago
Entering a short position at 3250 feels a bit risky. I got shaken out during that washout in the early morning.
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SigmaValidator
· 23h ago
3250 rebounded but dropped again. This round of shakeout is really fierce. Don't expect much if you haven't stabilized above 3300.
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OffchainOracle
· 01-09 19:39
That level at 3250 is honestly a bit risky. I think it still depends on the reaction after last night's shakeout. Don't rush to short.
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ForkThisDAO
· 01-07 07:12
The 3280 level really traps people. Yesterday's rebound almost caused me to get liquidated... I'm still debating whether to add a short position.
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UncommonNPC
· 01-07 07:12
3250 is really a tough level; I pushed through yesterday but it dropped back again. It's still hesitating and dragging on.
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SandwichDetector
· 01-07 07:07
3250 oscillates back and forth, really exhausting. Every time I think it's going to break down, it rebounds instead... The timing for entering the short position this time was quite tight. The key is whether we can hold above 3300.
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ChainDoctor
· 01-07 07:00
It's that damn place at 3250 again, always talking about ideal entry points. The last time I listened to this setup, I was still trapped in it haha.
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AirDropMissed
· 01-07 06:47
There is indeed some resistance around 3250, but this rebound seems a bit strong. We'll have to see if 3300 can hold.
Market Briefing: Trading Opportunities at Ethereum's Key Resistance Levels
Ethereum is hovering at a critical turning point. The 3280-3250 range has trapped many—precisely, this is an ideal setup for short positions.
What does the technical analysis say? The 4-hour candlestick chart shows a bearish alignment of moving averages, with a clear accumulation of sell orders around 3300. The bearish pattern formed by yesterday's spike and pullback is still in effect, indicating continued selling pressure. The first target below is 3150, with further downside towards the 3100 level.
**Practical Steps:**
Enter short positions in batches around 3280-3250, targeting 3100, with a stop-loss placed above 3350. It sounds simple, but execution requires patience— the shakeout in the early hours indicates increased market volatility. If the price rebounds above 3280 and stabilizes above 3300, the bearish thesis needs to be reconsidered.
Short-term traders must control their position sizes and avoid greed. The key is to look for shorting opportunities at higher levels and avoid chasing lows.