Observing the 4-hour chart pattern of Ethereum, a clear gate formation has appeared. Reviewing recent movements, Ethereum faced resistance around the 3040 level, then broke below the 50-point mark, and during the entire correction process, it failed to stabilize effectively above 3050. After dropping to around 2910 at the lowest point, it gradually recovered.
From the current market performance, Ethereum still needs to verify a key signal—whether a false breakdown will be followed by a quick rebound. Confirming this wave characteristic is a better entry point for bulls. If this does not occur, it is advisable to continue observing.
The upcoming trading focus is concentrated on several areas: above, watch the 0.618 Fibonacci resistance level; below, there are two clear support zones worth noting. These positions are likely to generate good swing trading opportunities. Every rebound or pullback on the technical side could signal a new directional choice.
The short-term strategy is to wait for more definitive directional signals, without rushing to position. The market will provide the answer.
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AltcoinHunter
· 12-30 11:57
It's another head-and-shoulders pattern, and a pin bar rebound... Bro, I just want to ask, will this wave break 3040 or not? In my opinion, waiting for signals is outdated; the market has already given the answer, and our position has long been in loss [crying with laughter].
Does the pin bar really exist, or is it just our retail traders' illusion... But on the other hand, the 2910 bottom must hold, or it's really over.
Fibonacci tools are sometimes useful and sometimes just nonsense, depending on market sentiment. My advice is to wait and see, anyway, we've already lost.
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GateUser-3824aa38
· 12-30 11:57
Wait, another spike and rebound? Haha, I've heard this trick too many times. Every time they say this result? If it really dips below, I'll just smile and stay silent.
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MetaNeighbor
· 12-30 11:57
It's another gate structure... Can this spike come now? I'm getting a bit impatient waiting.
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YieldChaser
· 12-30 11:55
Wait a minute, is this move to trap the bulls? After reaching 2910, they still dare to say there's a quick rebound. I think it's just a pattern of repeatedly absorbing supply.
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MetaverseLandlord
· 12-30 11:54
Wait a minute, this is that same "pin injection rebound" theory again. Every time it's said like this, what's the final outcome? Alright, I'll just wait and see. Anyway, I already cut at 2950. Now it looks a bit silly.
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POAPlectionist
· 12-30 11:49
Wait, is this the old trick of fake breakdown and pinning again? I feel like I've been waiting for this signal forever haha.
It's better to act directly than just wait. Anyway, those Fibonacci levels have already been marked out, so it all depends on who can hold on till the end.
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AirdropHunterWang
· 12-30 11:40
It's time to wait again. Whether the needle comes or not depends on this wave. Otherwise, continue to observe.
Observing the 4-hour chart pattern of Ethereum, a clear gate formation has appeared. Reviewing recent movements, Ethereum faced resistance around the 3040 level, then broke below the 50-point mark, and during the entire correction process, it failed to stabilize effectively above 3050. After dropping to around 2910 at the lowest point, it gradually recovered.
From the current market performance, Ethereum still needs to verify a key signal—whether a false breakdown will be followed by a quick rebound. Confirming this wave characteristic is a better entry point for bulls. If this does not occur, it is advisable to continue observing.
The upcoming trading focus is concentrated on several areas: above, watch the 0.618 Fibonacci resistance level; below, there are two clear support zones worth noting. These positions are likely to generate good swing trading opportunities. Every rebound or pullback on the technical side could signal a new directional choice.
The short-term strategy is to wait for more definitive directional signals, without rushing to position. The market will provide the answer.