Recently, Ethereum has been performing okay, but the market strength is average. The previous high couldn't be sustained, and after falling, it has been fluctuating around 2900, a typical high-level consolidation pattern. The Bollinger Bands also haven't provided a clear direction. In this situation, it's better to observe for now and not rush to chase longs.
From a trading perspective, wait for a rebound to short. The ideal short entry zone is between 2980 and 3020. If it moves up to this area, establish short positions with a stop loss set at 3070.
Looking downward, first focus on the 2850 support. If it breaks, the price may continue to decline, with the next line of defense at 2780. At this level, it will either rebound or continue weakening, depending on how trading volume cooperates.
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FlashLoanPhantom
· 12-27 11:26
2900 this broken position is making me so annoyed, better to wait and see rather than messing around blindly
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I'm also thinking about short positions, just worried that the rebound won't reach the 3020 level
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The Bollinger Bands show no signals at all, this kind of market is really uncomfortable
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Breaking 2850 would be disastrous, gotta keep pushing down
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The stop loss at 3070 is a bit far, the risk is too high, so I don't dare to go in
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High-level consolidation is just a trap, rebounds get smashed, and then rebound again
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Waiting for a rebound to go short +1, but I feel like today might not give that opportunity
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That 2780 defense line is critical, if it breaks too, it will be a disaster
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The trading volume hasn't shown much in the past few days, no wonder the direction is unclear
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GateUser-1a2ed0b9
· 12-27 02:54
I’ve been burned by 2900 before. I sold when it rebounded to over 3000. No more greed.
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SchrodingerProfit
· 12-27 02:54
It's really annoying to swing back and forth around 2900; consolidation at high levels is just so torturous.
Wait for the rebound to short, buy at 2980-3020, it's a bit safer.
If 2850 breaks, it's over; it headed straight to 2780.
The most uncomfortable time is when the Bollinger Bands are closed; just watch the volume.
Don't chase longs in this wave; observation is the key.
Tight stop-loss at 3070; I definitely leave more room for myself.
Wait, can 2780 really hold? Feels uncertain.
High-level consolidation = torture; I agree with this judgment.
Short positions are not a problem; just see if it can withstand the rebound.
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LongTermDreamer
· 12-27 02:50
Oh no, it's another high-level consolidation. I encountered this kind of market three years ago, and in the end, it all rebounded.
I've heard many times to short after the rebound, but they all got crushed through, haha.
What if 2850 breaks? I'm just going to lie flat anyway. After three years, it's not even a big deal.
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LayerZeroHero
· 12-27 02:50
2900 back and forth, this is testing human nature, whoever is anxious will die
3020 short position? Just wait, I feel there might be another surge
2850 break, I’ll cut the position directly, not in the mood to play with it
The Bollinger Bands have all closed, indicating the market is still contemplating
This market looks just like my wallet, with no sense of direction
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DiamondHands
· 12-27 02:50
It's already over 2900 and still wavering, I'm really done, I want to buy the dip but I'm afraid of getting caught off guard.
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Sell when it rebounds to 3000, I’ve learned this move.
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If 2850 can't hold, go directly to 2780, and then there will be a bunch of people crying and shouting.
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The Bollinger Bands are all blurred, and you still dare to chase? Aren't you looking for death?
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Short positions are set up between 2980-3020, but I feel it's still too greedy.
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Let's observe again, it's the same old phrase, when will it really start to move?
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Stop loss at 3070 is too far, and it could explode if you're not careful.
Recently, Ethereum has been performing okay, but the market strength is average. The previous high couldn't be sustained, and after falling, it has been fluctuating around 2900, a typical high-level consolidation pattern. The Bollinger Bands also haven't provided a clear direction. In this situation, it's better to observe for now and not rush to chase longs.
From a trading perspective, wait for a rebound to short. The ideal short entry zone is between 2980 and 3020. If it moves up to this area, establish short positions with a stop loss set at 3070.
Looking downward, first focus on the 2850 support. If it breaks, the price may continue to decline, with the next line of defense at 2780. At this level, it will either rebound or continue weakening, depending on how trading volume cooperates.