Family, doesn't ETH's recent market trend remind you of how you slack off at work? The sideways movement is so boring that it makes people sleepy, and occasionally a small fluctuation wakes people up, then it's back to sideways again—this is a typical "consolidation market"! Many friends can't hold their patience, either leaving too early and missing out or frequently trading and losing their principal, which is really just not understanding the logic behind this sideways movement. Today is 12.22, and this sideways trend is likely to yield results soon; two key levels will directly determine if you can enjoy profits by the end of the year, so quickly grab your little stool and listen closely!
First, let's talk about the essence of a sideways market: the market is not always trending upward or downward; more often, it’s both bulls and bears "wrestling"—neither side has the power to directly defeat the other, so they can only pull back and forth within a range. The recent sideways range for ETH is 2960-3030; last night's dip was an attempt by the bears to "sneak attack," but it failed, which gives us a clear signal: the bear power is already insufficient, and next we’ll see if the bulls can seize the opportunity to counterattack. It's like two people fighting; one side is already too weak to keep going, and the other side just needs to push a little to gain the upper hand—ETH is in this state now.
The first key support level: 2960-2970. This position is the 'bottom line' of this sideways movement, which was strictly tested last night. The price quickly rebounded after touching this level, indicating that there is a lot of bullish capital 'buying the dip' here. Why is this support level so important? Because once it is broken, ETH will open up downward space, and we may have to test 2900 or even lower. At that time, our previous profits may need to be given back, and we might even get trapped. Therefore, whether you have already entered the market or are preparing to enter, treat this position as the 'line of life and death.' If it breaks, stop-loss is a must; there is no discussion!
The second key resistance level: 3030. This position is the 'top' of the sideways movement and also the 'charge signal' for the bulls. If ETH can stabilize at 3030 today, it indicates that the bulls have completely grasped the initiative, and the subsequent upward movement will be a natural thing. I have calculated that there is a space of 60-100 points from 3030 to the 3090-3130 range, which is very high cost-performance for swing trading. However, pay attention to a detail here: after stabilizing at 3030, there might be a small pullback for confirmation. At this time, don't panic. As long as the pullback does not fall below 3030, it is a good opportunity for a second entry. If the pullback directly breaks below 3030, it means this breakout is a 'false breakout,' and you should quickly exit and observe.
I've already organized the operational strategy for you; just copy it: For conservative friends, use 3000 as the entry reference point. This position is in the middle of the sideways range, with relatively low risk. Set the defensive position at 2960; as long as it doesn’t break, hold on to it. The initial target is 3090. For aggressive friends, wait for a valid breakthrough at 3030 before entering. After entering, set the stop-loss 5 points below 3030 to avoid being stopped out by small pullbacks. The initial target is 3130; once reached, take profit promptly and don’t be greedy. Additionally, I want to remind you that daytime trading is usually quite 'grueling,' with small fluctuations and low trading volume. It’s easy to be 'harvested' by the main force during this time, so the best strategy during the day is to 'observe,' conserve energy, and wait for the afternoon or evening market.
Many friends have asked me whether to consider the resistance level around 3200. My opinion is that we don't need to be entangled with 3200 in the short term; let's focus on the 3030-3130 swing first. The area around 3200 is an important resistance level from the previous period, which requires substantial capital and trading volume to break through. The probability of a short-term breakthrough is very low. Instead of thinking about distant and unattainable targets, it’s better to seize the certain profits in front of us. Trading is like picking up money; first, pick up what’s at your feet, and then think about the distant ones. Don’t lose big for the sake of small gains.
Last but not least, let me share something heartfelt: There are always opportunities in the market; what is lacking is patience and accurate judgment. Follow me@链上标哥 , and you won't get lost!
