I've recently been neglecting the Ethereum trend a bit. Looking at yesterday's performance, the key support level at 2910 indeed rebounded effectively, and the current gains are quite good.



From a technical perspective, ETH is in a consolidation phase, with resistance at around 3060 and stable support between 2888-2910. This oscillation pattern suggests sticking to range trading and not gambling on the direction.

Strategically, you might consider placing low buy orders around 2790-2780, waiting for a rebound opportunity. If the 3060 level is effectively broken, then you can aim for a larger target—around 3175 to 3135. Overall, the current approach should focus on defense and accumulation.
ETH1,41%
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
LidoStakeAddictvip
· 11h ago
2910 really held up, but I still think the 3060 hurdle is a bit tough.
View OriginalReply0
MetaverseVagabondvip
· 11h ago
I also missed this rebound from 2910, which is a bit regrettable. Range trading is indeed stable, but I'm worried about a sudden break and being caught off guard.
View OriginalReply0
BloodInStreetsvip
· 11h ago
It's the same old range trading again. I think you'll eventually get shaken out at 3060. You're happy just with a rebound to 2910? Get ready to get cut, brother.
View OriginalReply0
LiquidityWizardvip
· 11h ago
actually, the 2910 support hold is statistically significant but let's not get ahead of ourselves here—theoretically speaking, range trading between 2888-3060 is the optimal scenario if you're risk-averse. that said, waiting for a 3060 breakout just means you're betting on volume correlation without empirical data to back it yet, which tracks with most retail behavior tbh
Reply0
mev_me_maybevip
· 11h ago
Position 2910 is indeed solid. Now we're just waiting to see if 3060 breaks or not.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)