2026-01-21 18:23:13

Ethereum's recent rally has been quite fierce, and the market's pessimistic atmosphere is so thick it’s hard to ignore. Many bulls are now under pressure. This correction is not unique to the crypto space. Simply put, global risk assets are collectively being dragged down under overall economic stress. Debt accumulation, persistent inflation, and unmet expectations of rate cuts—all these factors make any geopolitical event or policy adjustment quickly impact risk assets. As a cryptocurrency that amplifies dollar liquidity, Ethereum naturally gets hit first and hardest.

From the market chart, the key support levels that held earlier have now been broken. The gains accumulated on the monthly chart are being rapidly wiped out, indicating that the bottom is still far away. The current market sentiment is one of fear. Many longs face liquidation threats, and some investors can’t withstand the pressure and have already exited. Shorts now hold the narrative, and any rebound could become a new entry point for shorting. For longs, rushing in to buy the dip at this moment carries enormous risk. Be prepared for repeated lows and even testing lower levels psychologically.

Technical data: Current price is 2896.47 USDT, with resistance at 3001.01 (about 3.84% above the current price).

Final note—risk management must come first. Respect the market, and avoid going against the trend recklessly.

ETH1,02%

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AirdropF5Bro

· 12h ago

It has dropped again and again. The bulls really can't hold on anymore. This time, it feels like only hitting rock bottom can turn things around.

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NotFinancialAdvice

· 12h ago

Another wave of liquidation drama, the bears must be having a great time The bottom is nowhere in sight, buying the dip now is just throwing money away I've been saying risk assets will go down together, who listens No rate cuts yet, debt is still there, ETH is the first to die The bulls are now being hammered down alive, it's heartbreaking

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StealthMoon

· 12h ago

It dropped again, watching those broken support levels makes me uncomfortable. The bottom hasn't been reached yet, don't rush to buy the dip, friends. This correction is really fierce, how can the bulls hold on? The bears are feeling good now, they smash every rebound, it's a bit disgusting. Respect for the market is not wrong, I'm just hiding now. At the 2896 level, we still need to look lower, 3001 can't hold either. With the global economy like this, the crypto circle is the first to be affected. The guys who got liquidated probably regret it to the core now. Risk management comes first, don't be like those fools going all in. This atmosphere is filled with fear to the bone.

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FastLeaver

· 12h ago

Coming with this again? The bottom is still far away, I think the bears are the ones really far from it. Watching this wave of decline is just annoying, the bulls are really suffering right now. 2896 touched it and feels like it still needs to be explored further. Whoever dares to catch the bottom now is a gambler. This time, risk management must come first. Don't be like me, holding on and unable to withstand it, just run. The monthly line gains have been swallowed, indicating there’s still a show to be played. Keep observing, everyone.

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ThreeHornBlasts

· 13h ago

If you don't explore the bottom, you'll just buy the dip; sooner or later, we'll all be buried together.

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0xSoulless

· 13h ago

Once again, we've been hammered down, and the monthly profit has been wiped out completely. We still need to continue exploring lower. The retail investors are really trembling right now. The bears are having a blast, and our bulls are now being pressed to the ground and rubbed. Bottom fishing? The only ones daring to rush in now are the gamblers, beware of liquidation. No rate cuts, inflation persists, and geopolitical tensions are happening every day—this is our daily routine. The US dollar bloodsucker machine is unstoppable; a major move will take all risk assets down with it. The bottom is nowhere in sight. Be prepared for repeated dips, everyone. Really, risk control first. Don't go against the trend aggressively; the market won't stop falling because of your dreams.

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GasOptimizer

· 13h ago

Let the data speak; the 3.84% margin is actually of little reference value... The real issue is that capital efficiency is now ridiculously low, and arbitrage opportunities have been completely exploited. Instead of obsessing over this rebound, it's better to carefully calculate how much drawdown you can withstand.

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