Currently, Ethereum is fluctuating within a narrow range of $2860 to $2900, which analysts view as a key support zone in the near term. If this support area is effectively broken, the downside risk will increase, and the next important support level may be around $2700.
In light of the current price levels, market analysis opinions have shown significant divergence, forming a tug-of-war between bulls and bears:
· Bearish view: Represented by analyst Ali Martinez (Ali Charts), a stern warning has been issued. He believes that if Ethereum's monthly closing price falls below $2930, it could open up the possibility of a deep adjustment towards $2000 or even $1100. · Bullish view: Some technical analysts are attempting to find hope from another angle. Some have observed the daily chart upside down, suggesting that the current downward pattern may resemble a potential "bullish cup" bottom. At the same time, data shows that "whales" holding large positions have their liquidation prices far below the current price, indicating that there will not be further involuntary selling due to liquidation in the short term.
Today, the price of Ethereum continues to show weakness and fluctuation, as of the time of this report, the price is around $2947. The overall market performance is mixed, with mainstream assets like Bitcoin and XRP rebounding slightly by about 1%, while Ethereum continues to face pressure, becoming one of the few currencies that failed to close higher.
Technical analysis indicates that the current market is at a critical decision point. The price of Ethereum is struggling to defend the key support area of $2900-$2920. This area is crucial as it forms the neckline of a potential "head and shoulders" bearish pattern. If the price effectively breaks below $2905, this pattern may be confirmed, thus opening up downward space to $2630. The resistance above is clearly located near $3300, and only a breakthrough here can reverse the current downward trend.
The drastic fluctuations in prices have triggered large-scale forced liquidations. Data shows that in the past 24 hours, the total amount of liquidations across the network reached $677 million, affecting over 190,000 people. Among them, the long liquidation amounted to $583 million, while the short liquidation was $94.34 million, indicating particularly severe losses for leveraged longs.
Specifically, for Ethereum, the long liquidation amount was $176 million, far exceeding the short liquidation of $36.22 million. High-leverage long positions of giant whale users have been partially liquidated, while another whale with over 20,000 ETH has experienced an unrealized loss exceeding $6.24 million. Analysts warn that if the ETH price falls below $3,000, the liquidation intensity of long positions accumulated by mainstream exchanges could reach $865 million, potentially triggering a chain liquidity risk.
$ETH 1-hour level shows accelerated decline after breaking, price has effectively fallen below the key support range of 3050-3080, bearish momentum has significantly increased, and the short-term structure has clearly turned bearish.
Core operational idea of Ether Saint: Focus on shorting during rebounds, strictly prohibit blind bottom fishing.
Specific combat plan:
Bearish direction Short on rebounds: When the price rebounds to around 3050$ETH and shows stagnation candlestick patterns in the resistance zone, short in batches | Target: 30-120 points+ Breakout short: When the price falls below the support near 2900, follow the trend to short | Target: 30-120 points+
Bullish direction Quick drop to seize rebounds: When the price rapidly drops to the support near 2860-2900 and shows obvious exhaustion of momentum, lightly position for a rebound | Target: 30-120 points+ Conditions for chasing long: The price must stabilize back at around 3120 before considering a small position to chase long | Target: 30-120 points+
Unified risk control stop loss of 30 points: Stop loss for short positions set 30 points above the entry price Stop loss for long positions set 30 points below the entry price
(The above is a personal trading framework, not investment advice)
In the context of a market downturn, Ethereum's technical trend has entered a sensitive zone. Analysts generally view the $3020 area as the current key static support, a position that has historically curtailed declines multiple times. There is also structural support around $3090. Whether these supports can be maintained is the first checkpoint for assessing short-term strength or weakness.
The resistance above is also clear. Analysts point out that $3400 is an important resistance level, and before reclaiming this position, the risk of the price retesting $3000 is very high. Closer resistance is located near the $3150 trendline; an effective breakthrough of this position is necessary to hope to reverse the short-term downtrend and rebound towards the $3380-$3450 range. Current trading volume is shrinking, indicating a decline in market participation, and direction selection needs to be confirmed with increased trading volume.
Key Points
· Key Support: $3020 (static strong support) and $3090 (recent structural support). · Core Resistance: $3150 (trendline resistance) and $3400 (strong resistance level). · Focus of Observation: Price response at support levels, and whether breakthroughs in resistance are accompanied by increased trading volume.
$ETH 1-hour level shows narrow fluctuations within the range, with prices continuing to operate in the key range around 3050-3220, leading to a stalemate between bulls and bears.
Core idea of Ethereum Saint's operations: Buy low and sell high within the range, patiently waiting for a breakout direction.
Specific combat plan:
Bearish direction Short on rebound: When the price rebounds to the resistance area around 3180-3220 and shows a stagnation candlestick, short in batches | Target: 30-120 points+ Breakout short: When the price breaks below the support around 3050, follow the trend to short | Target: 30-120 points+
Bullish direction Long on pullback: When the price pulls back to the support area around 3050-3080 and shows clear momentum exhaustion, long in batches | Target: 30-120 points+ Breakout long: When the price stabilizes around the resistance of 3220, follow the trend to long | Target: 30-120 points+
Unified risk control stop loss of 30 points: Stop loss for short positions placed 30 points above the entry price Stop loss for long positions placed 30 points below the entry price
(The above is a personal trading framework, not investment advice)
Current price continues to fluctuate around 3116, with volatility significantly narrowing. I am ready to place long orders around 3080 and short orders around 3180, continuing a dual-sided layout and waiting for the market to finally choose a direction! Are you currently holding positions or staying on the sidelines?
Institutional-level activities clearly reflect the contradictory mindset of the market. The negative side is that the trend of funds flowing out of Ethereum ETF products continues, which constitutes sustained market pressure.
However, positive signals are also prominent. First, the mining company BitMine has publicly increased its holdings of 33,504 ETH today, valued at about 112 million USD, continuing its accumulation pattern. Second, although there is an overall outflow of ETF funds, the leading asset management company BlackRock's products saw a net inflow of about 23.2 million USD in a single day, indicating strategic differences among giants. This "selective buying" suggests that not all institutions are bearish, and some long-term capital is taking the opportunity to position itself.
The current market presents a textbook-like confrontation between bulls and bears. The main basis for the bears is a potentially forming bearish technical pattern—the Evening Star, which suggests that the previous upward momentum may be waning. At the same time, the overall market structure is still constrained by a downward trend line, and Ethereum spot ETF has recently continued to record net outflows of funds, indicating that some institutional capital is still withdrawing.
However, the bullish front has shown a strikingly strong signal. On-chain monitoring indicates that a 'smart money' whale has established a leveraged long position in Ethereum worth up to $392 million (approximately 120,000 ETH) all at once. This extremely high-confidence bet stands in stark contrast to the bearish technical signals, highlighting the significant divergence in the market at the current price level.
$ETH 1-hour level shows a rebound after hitting a bottom, with the price currently testing a key resistance area, where both bulls and bears are in contention.
Core strategy for Ether Saint: Mainly short at resistance levels during rebounds, and cautiously long at support levels during sharp declines.
Specific operational plan:
Bearish direction Short at rebound: When the price rebounds to the resistance area around 3180-3220, observe for signs of stagnation in K-line, short in batches | Target: 30-120 points+ Breakdown follow-up short: If the price breaks below the support around 3050, follow the trend to short | Target: 30-120 points+
Bullish direction Grab rebound during sharp decline: When the price sharply declines to the support area around 3000-3050 and shows clear signs of momentum exhaustion, cautiously long for a rebound | Target: 30-120 points+ Conditions for chasing long: Consider small long positions only when the price stabilizes above 3280 | Target: 30-120 points+
Unified risk control stop loss 30 points: Stop loss for shorts placed 30 points above the entry price Stop loss for longs placed 30 points below the entry price
(The above is a personal trading framework, not investment advice)
As Bitcoin returns to the $90,000 mark and the cryptocurrency market consolidates overall, Ethereum (ETH) has shown an independent downward trend. According to market data, the ETH price has broken below the key psychological level of $3,100 today, currently reported at $3,072.81, with a 24-hour decline of 2.75%. This drop has significantly weakened its performance compared to most mainstream assets during the same period. Market analysis suggests that the weakness of ETH mainly stems from a recent "finality delay" technical issue on its network, where some transaction confirmations take hours, raising concerns among investors about the network's stability. This issue has shaken the confidence of some investors in Ethereum as the most stable and reliable trading network, leading to capital outflows.
$ETH 1-hour level shows a breakdown trend, with the price breaking through key support areas, and short-term bearish momentum is strong.
Core operational idea of Ether Saint: Mainly short on rebounds, be cautious on rapid declines for counter-rebounds.
Specific combat plan:
Bearish direction Short on rebounds: When the price rebounds to the pressure zone around 3180-3220, a stagnation K-line appears, short in batches | Target: 30-120 points+ Breakout short: When the price breaks below the support around 3050, follow the trend to short | Target: 30-120 points+
Bullish direction Counter-rebound on rapid declines: When the price rapidly declines to the support area around 3000-3050 and shows obvious momentum exhaustion, lightly position for a rebound | Target: 30-120 points+ Conditions for going long: Only consider small positions to go long when the price stabilizes around 3280 | Target: 30-120 points+
Unified risk control stop loss of 30 points: Stop loss for short positions placed 30 points above the entry price Stop loss for long positions placed 30 points below the entry price
(The above is a personal trading framework and not investment advice.)
Currently, all market attention is focused on key support levels. Technical analysis indicates that the $3150 area is the "lifeline" for ETH's short-term trend, with approximately 2.8 million ETH's on-chain support gathered near this level, which has repeatedly curbed the downward momentum. If this support holds, the price may regroup and once again attempt to challenge the $3400 resistance level. However, once $3150 is confirmed as broken, the next important defense line will drop to around $2800, where approximately 3.6 million ETH's support has accumulated. The market is waiting for a decisive directional breakout to end the current consolidation pattern. $ETH
$ETH 1-hour level shows range fluctuations and rebounds, with the price operating within the range of 3150-3350, testing the upper range pressure after rebounding from a low.
Core operational idea of ETH Saint: High sell low buy within the range, follow the trend after breakout.
Specific battle plan:
Bearish direction Short on rebound: When the price rebounds to the pressure zone near 3320-3350 and shows signs of stagnation in K-line, short in batches | Target: 30-120 points+ Chasing shorts after breakdown: When the price breaks below the support near 3150, chase the shorts | Target: 30-120 points+
Bullish direction Long on pullback: When the price pulls back to the support zone near 3150-3180 and shows obvious momentum exhaustion, long in batches | Target: 30-120 points+ Chasing longs after breakout: When the price stabilizes near 3350 pressure, chase the longs | Target: 30-120 points+
Unified risk control stop loss of 30 points: Stop loss for shorts placed 30 points above the entry price Stop loss for longs placed 30 points below the entry price
(The above is a personal trading framework, not investment advice.)
After reaching a high of $3440 yesterday, Ethereum has seen a significant pullback today. Market data shows that the ETH price has fallen from its peak, dropping below $3200, with an intraday decline exceeding 5%. This pullback coincides with a widespread decline in the entire cryptocurrency market, with Bitcoin also falling below $90,000.
Market analysis suggests that after a substantial rally, some short-term funds have chosen to take profits, leading to a technical pullback. Currently, $3300 is a key psychological and technical level, and trading below it indicates a shift towards caution in short-term sentiment. Trading volume remains high, indicating intense competition between bulls and bears at the current position; the subsequent direction will need to be observed to see if it can quickly recover and stabilize above $3200.
$ETH 1 hours level shows a consolidation after a sharp rise and fall, with prices entering a range after a significant drop from the highs, and short-term bearish momentum is dominant.
Core trading idea of EtherSaint: Mainly short on rebounds, be cautious on rapid drops and seize rebounds
Specific operational plan:
Bearish direction Short on rebounds: When prices rebound to around 3320-3350 and show stagnation K-line in the pressure zone, short in batches | Target: 30-120 points+ Chase short on breakdown: When prices break below the support around 3180, chase short in the direction of the trend | Target: 30-120 points+
Bullish direction Seize rebound on rapid drop: When prices sharply drop to around 3150-3170 support zone and show obvious momentum exhaustion, take light positions to bet on a rebound | Target: 30-120 points+ Conditions to chase long: Only consider chasing long in small positions when prices stabilize above 3380 | Target: 30-120 points+
Unified risk control stop loss of 30 points: Stop loss for short positions set 30 points above the entry price Stop loss for long positions set 30 points below the entry price
(The above is a personal trading framework, not investment advice) $ETH
$ETH The 1-hour level shows a strong breakout upwards, with the price breaking through the previous consolidation range with increased volume, indicating strong bullish momentum in the short term.
Core trading idea for Ethereum: Mainly long on pullbacks, with light short positions possible when rebounding to strong resistance areas.
Specific trading plan:
Bearish direction Short on rebound: When the price rebounds to around 3380 resistance area and shows signs of stagnation with K-lines, short in batches | Target: 30-120 points+ Pursue short on breakdown: When the price breaks below around 3270 support, short in line with the trend | Target: 30-120 points+
Bullish direction Long on pullback: When the price pulls back to around 3280 support area and shows obvious signs of momentum exhaustion, long in batches | Target: 30-120 points+ Pursue long on breakout: When the price stabilizes above around 3400 resistance, long in line with the trend | Target: 30-120 points+
Unified risk control stop loss of 30 points: Stop loss for short positions placed 30 points above the entry price. Stop loss for long positions placed 30 points below the entry price.
(The above is a personal trading framework, not investment advice) $ETH {currencycard:futures}(ETH_USDT)
On the eve of the Federal Reserve Open Market Committee (FOMC) meeting, the sentiment in the cryptocurrency market is generally cautious. Bitcoin struggles around the $90,000 mark, with the overall market fluctuating downward. Against this backdrop, Ethereum has shown relative resilience, with prices fluctuating narrowly around $3,100. Despite facing pressures such as short-term ETF fund outflows, ETH has successfully defended the key trend support level near $3,020.
Co-founder of the on-chain analysis platform Glassnode, Negentropic, pointed out that ETH has re-established itself above the 50-day moving average, displaying a trend breakout pattern, and believes that "the bearish window for ETH has closed." This indicates that, amidst a generally sluggish market, some core indicators have begun to turn favorable for Ethereum.
From the perspective of the overall market environment, highlighting Ethereum's relative strength in a downturn and the defense of key technical levels, authoritative analysis perspectives are cited to reinforce resilience judgments. Feel free to follow and subscribe for daily updates on market trends and economic movements!