Recently observing Ethereum's trend, it feels like the price is repeatedly battling within a relatively clear oscillation range. The two key levels at 2950 and 3070 form a fairly distinct upper and lower boundary.



From a technical perspective, the high at 3070 actually acts like a resistance point for a rebound. Each time it pushes up, there’s a sense of weakness. If the support level at 2950 is truly broken, the situation could become interesting. Once the range is broken, it usually indicates that a direction will be established, and an acceleration downward may follow.

Based on this logic, in the context of a breakout, shorting opportunities seem worth paying attention to. Especially after breaking below the 2950 support, the risk-reward ratio will be more favorable. Of course, the prerequisite is to confirm that it’s a genuine breakout and not a false move.
ETH-0.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
RektCoastervip
· 7h ago
Once 2950 breaks, you need to go flat. Don't fake it. The risk-reward ratio still depends on the subsequent trend.
View OriginalReply0
0xLostKeyvip
· 7h ago
Wait, I think this guy's analysis is a bit too optimistic. Even if 2950 breaks, it doesn't necessarily mean a straight decline. The crypto world loves to fake out. I am 0xLostKey, and this is what I want to say.
View OriginalReply0
RatioHuntervip
· 7h ago
Whether 2950 is a break or not remains to be seen; fake moves are too common. If it really crashes through, then that will be the opportunity to get in.
View OriginalReply0
GmGmNoGnvip
· 7h ago
Waiting, waiting, waiting for that break again. I've been watching for a long time, just dithering there. Is 2950 really that strong? Hold on, don't rush to short before the break. This thing often fakes out. I’ve fallen into that trap before. If the resistance at 3070 is so strong, a rebound and sell might be a good idea. Do we really have to wait for the break to act?
View OriginalReply0
TokenVelocityTraumavip
· 8h ago
Wait, is it the same 2950-3070 argument again? I've been watching for a week and it hasn't broken out, it just feels like they're repeatedly cutting the leeks.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)