The ETH battle between bulls and bears is about to begin, and my choice is: wait for this position to strike decisively.
Brothers, the market noise is quite loud; some are shouting bullish, while others are calling bearish. A simple review will reveal that ETH is currently at a critical technical node.
🎯 Core Conflict: The key divergence point between bullish and bearish views. Current market technical analysis shows significant divergence, leading to completely different trading paths:
· Bearish View (Target: $2,400) · Main Reason: Technically, ETH may be forming a bearish flag pattern. If the price breaks below the support of this pattern, it may lead to a drop towards the $2,400 area. · Key Position: Close attention should be paid to the strength of the support at the lower track of the flag; a break would turn the pattern bearish. · Bullish View (Target: $3,600+) · Main Reason: Other analyses indicate that ETH is building an inverse head and shoulders pattern, which is a classic bullish signal. Coupled with the liquidity expectations from the Federal Reserve's interest rate cuts, this could drive the price up. · Key Position: Needs to effectively break through and hold above the $3,400 - $3,600 resistance area.
🚀 My Judgment and Plan The divergence in the market means that volatility is about to increase. As a trader, I do not take sides too early; instead, I wait for the market to make its choice and then follow the stronger side. Purely guessing the bottom or top is amateurish behavior.
The strategy I've chosen is: wait for a confirmation of a pullback to key support before going long.
1. Trade Direction: Go Long 2. Ideal Entry Area: $2,900 - $2,950
· Logic: This range is a technical support level that has been tested multiple times previously and aligns with the “key accumulation area” mentioned in the bullish analysis. If the price pulls back to this level and shows clear signs of stabilizing (such as an hourly Pin Bar or a strong rebound), it will be a high risk-reward long entry opportunity. 3. Stop Loss Setting: Below $2,840 4. Target Outlook: · First Target: $3,300 - $3,350 · Second Target: $3,550 - $3,600
📌 Summary The market is entangled around the $3,000 area, with the bull-bear struggle intensifying. My scenario is: if the bears push the price down to around $2,900, I will observe the strength of the bulls' defense and look for a long entry signal. If the price breaks strongly above $3,400, then consider chasing long after a pullback. Right now, waiting patiently is more important than blindly opening positions. #美联储降息 #加密市场反弹 $ETH
This morning, the price of ETH experienced a broad decline, having fallen below the previously analyzed key support zone of $2,950 - $3,000. This drop is part of an overall adjustment in the cryptocurrency market.
Key technical level updates based on the new price
Given that the price has fallen below the previous core range, the current key bullish-bearish dividing point has changed.
· New core resistance zone (formerly support zone) · Location: $2,900 - $2,950 · Latest interpretation: The previous strong support zone has been broken, and has now turned into the primary resistance level during rebounds. The price needs to regain this area to alleviate short-term downward pressure. · Support near the current price · Location: $2,800 - $2,850 · Latest interpretation: This is the recent low area that the current price is testing; if it can stop falling, a technical rebound may occur. · Next key support zone · Location: $2,750 - $2,800 · Latest interpretation: If the current price level is lost, the market may look further down for support.
Strategies and suggestions
The price has broken key support, indicating that the previous “buy the dip” strategy is no longer applicable. The market's short-term trend has weakened, necessitating a more defensive and cautious strategy.
Short-term thinking: wait-and-see or rebound shorting
1. Core direction: Shift to a cautious bearish stance. Breaking key support is an important technical signal of weakness. 2. Operational suggestions: · Aggressive strategy (shorting): If the price rebounds to a new resistance zone of $2,880 - $2,920 and shows signs of fatigue, consider lightly trying short positions, with stop-loss set above $2,950. · Conservative strategy: Maintain a wait-and-see approach. It is inadvisable to rush to buy the dip before the market shows clear signs of halting the decline (e.g., forming a bottom structure on the hourly chart above $2,800). 3. Key risk control: If the price can regain strength and stabilize above $2,950, it must be acknowledged that the decline may be just a “false breakout,” at which point the short-term bearish stance should be paused.
Summary: The market has provided answers through its actual movements. As traders, we must respect the market and adjust in a timely manner. The current plan to buy at support should be abandoned in favor of focusing on shorting opportunities at resistance levels during rebounds, or patiently waiting for the market to stabilize.
📈 ETH Short-term Trend Prediction and Trading Suggestions
Based on current technical indicators and market sentiment, ETH is oscillating in the $2,950-$3,080 range, but bullish momentum is gradually strengthening, making an upward breakout more likely. Core Logic:
1. Technical Indicators: MACD shows bullish momentum, RSI (~40) is not overbought, and there is room for upward movement; key support at $2,950 has been tested multiple times and held. 2. Fund Flow: The U.S. spot ETH ETF ended a 10-day outflow, with a single-day inflow of approximately $92M, indicating a return of institutional funds. 3. Sentiment: Whale addresses increased their holdings by 440,000 ETH over the week, showing clear accumulation signs.
🎯 Short-term Trading Suggestions
· Direction: Long position (buy on dips) · Ideal Entry: $2,970-$3,000 · Stop Loss: $2,940 (exit if support is effectively broken) · Target: $3,080-$3,120 (hold after breakout, aim for $3,200)
💡 Key Tips
· If there is a significant breakout above $3,120, consider adding to the position; · If it falls below $2,950, the short-term strategy is invalidated, and reassessment is needed. · Pay attention to tonight's Federal Reserve speech, which may trigger volatility.
#Ethereum #ETH Trading #Short-term Strategy (Note: Personal opinion, not investment advice, please manage your risk!) #ETH巨鲸增持 $ETH
【🔥 ETH Short-Term Outlook: Higher Probability of Breakthrough】
The current market balance seems to be tilting towards the bulls. Personally, I judge that ETH is more likely to test the resistance zone of $3,100 - $3,130 next.
📈 Major Reasons Supporting the Bullish Sentiment:
1. Solid Foundation: The key support zone of $2,900 - $2,950 has been tested multiple times and held firm, forming a solid defense line. 2. Large Capital Inflow: Data shows that the U.S. spot ETH ETF recorded nearly $100 million in net inflows in a single day, with institutional buying returning. 3. Whales are Buying: Addresses holding between 10,000 to 100,000 ETH have increased their holdings by 440,000 over the past week, which is not retail behavior. 4. Macro Tailwinds: Market expectations for the Federal Reserve to cut interest rates in December are rising, improving liquidity expectations. 5. Narrative Approaching: The Fusaka upgrade (scheduled for December 3) is about to be implemented, and historical experience shows that prices are susceptible to catalysts before and after upgrades.
⚡ My Simple Strategy:
· Direction: Buy on dips. · Ideal Entry: Near the support zone of $2,970 - $3,000. · Key Defense: If it decisively drops below $2,900, then exit and observe. · Target: $3,100 → Looking at $3,400 after the breakthrough.
⚠️ Important Reminder: The upper zone of $3,100 - $3,130 is heavily fortified by bears, and the first attempt may not succeed in breaking through. Be sure to control your position and set stop-loss orders.
Do you think this time it can break through smoothly, or will it be pushed back at the resistance level again? Share your thoughts in the comments!