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.
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LidoStakeAddict
· 11h ago
2910 really held up, but I still think the 3060 hurdle is a bit tough.
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MetaverseVagabond
· 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.
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BloodInStreets
· 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.
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LiquidityWizard
· 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
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mev_me_maybe
· 11h ago
Position 2910 is indeed solid. Now we're just waiting to see if 3060 breaks or not.
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.