Ethereum's recent market trend is a classic range-bound consolidation, with resistance at around 3070 and support near 2860. Currently, the price is hovering around 2955, basically stuck in the middle of the range, so there are opportunities both above and below, but at this stage, it's not possible to definitively determine whether to go long or short.
My advice is to hold off on placing orders for now, wait until the market rhythm becomes clearer and the direction is confirmed before entering.
From an operational perspective:
**Bearish opportunities** can be considered once the price faces resistance above 3000, and you can look to short at higher levels, targeting the 2900 to 2850 range.
**Bullish opportunities** should wait until there are signs of stabilization below 2900. Once support is confirmed, you can consider a rebound towards 3000 to 3050.
Overall, this kind of oscillating market tests patience and discipline the most. Don't be fooled by short-term fluctuations; wait for clear signals before taking action.
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GasFeeLover
· 1h ago
Waiting for the signal is correct; it's indeed hard to judge at the moment. However, I think we should focus on the 2900 level.
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ServantOfSatoshi
· 01-23 03:27
This spot in the middle is really a tormenting place, can't go up or down.
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DefiVeteran
· 01-23 03:23
Waiting for a signal? The signals for this market movement have been there for a while, but no one dares to follow.
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MidnightTrader
· 01-23 03:18
Damn, position 2955 is really tough, can't go up or down.
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DeFiGrayling
· 01-23 03:16
Wait until the signal is clear before following. I love to hear that, so I don't get trapped every day.
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GateUser-2fce706c
· 01-23 03:15
I've already said that this wave is the best opportunity for positioning. While others are still debating the rise and fall, I've already planned the next high ground.
Ethereum's recent market trend is a classic range-bound consolidation, with resistance at around 3070 and support near 2860. Currently, the price is hovering around 2955, basically stuck in the middle of the range, so there are opportunities both above and below, but at this stage, it's not possible to definitively determine whether to go long or short.
My advice is to hold off on placing orders for now, wait until the market rhythm becomes clearer and the direction is confirmed before entering.
From an operational perspective:
**Bearish opportunities** can be considered once the price faces resistance above 3000, and you can look to short at higher levels, targeting the 2900 to 2850 range.
**Bullish opportunities** should wait until there are signs of stabilization below 2900. Once support is confirmed, you can consider a rebound towards 3000 to 3050.
Overall, this kind of oscillating market tests patience and discipline the most. Don't be fooled by short-term fluctuations; wait for clear signals before taking action.