Regarding the recent trend of Ethereum, from the 4-hour timeframe, it is currently in a slight range-bound consolidation phase. The most critical resistance level right now is at the 3050 mark, which has been tested twice but has not been effectively broken through.
If considering a short-selling strategy, 3050 is indeed a level to watch. However, it is important to emphasize that placing orders on the left side in advance is not recommended. Only when the price moves to the right side, shows clear short signals, or a false breakout is identified, would it be a safer entry point.
Additionally, it should be noted that many exchanges are now experiencing negative funding rates, which indeed pose a risk of being liquidated. If you are determined to consider short positions on the left side, you can set your stop-loss at 3180. The logic here is that 3180 is not only a minor resistance above but also the pressure zone of the triangle convergence pattern in this price movement, which is technically reasonable.
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MetaverseHermit
· 01-04 02:21
3050 hasn't been broken in two tests. Can it really be broken this time? Feels like we're going to keep grinding here repeatedly.
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OnChainDetective
· 01-03 17:23
ngl the 3050 double test is sus... wallet clustering around that level suggests coordinated accumulation before the rug tbh
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HalfPositionRunner
· 01-02 09:50
This level at 3050 has really been stuck for a long time, it feels like the bulls just aren't motivated.
The risk of short positions still needs to be watched, what does the negative fee rate situation indicate?
Left-side orders? I think I'll just forget about it, the right side is the way to go.
I need to think about the 3180 stop-loss setting, it does make logical sense.
Wait for the signal to appear before taking action, don't play with fire.
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DAOTruant
· 01-02 09:50
3050 hasn't been broken in two tests. If it can't be pushed up this time, it will be interesting. Let's wait for the right-side signal.
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PhantomMiner
· 01-02 09:44
Breaking through 3050 is indeed difficult, but I'm a bit worried about this negative fee wave. Be careful not to get knocked down again.
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MEVictim
· 01-02 09:34
This 3050 level is indeed tough; after testing twice, it still didn't break through. It feels like the main force is playing psychological warfare.
Wait a bit more on the right side, don't be fooled by negative fee rates. There are too many stories of liquidation and tears.
A stop loss at 3180 is still acceptable, at least the logic is clear and not randomly hanging.
We might still need to wait for this round, no rush.
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ImpermanentPhobia
· 01-02 09:27
3050 is stuck again, it's really annoying that it didn't break through twice, but don't even think about the short position on the left side. It's not worth getting wiped out.
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GasFeeSobber
· 01-02 09:21
3050 didn't break after two tests. This round is really tough. Let's wait for the right-side signal and don't make reckless moves.
Regarding the recent trend of Ethereum, from the 4-hour timeframe, it is currently in a slight range-bound consolidation phase. The most critical resistance level right now is at the 3050 mark, which has been tested twice but has not been effectively broken through.
If considering a short-selling strategy, 3050 is indeed a level to watch. However, it is important to emphasize that placing orders on the left side in advance is not recommended. Only when the price moves to the right side, shows clear short signals, or a false breakout is identified, would it be a safer entry point.
Additionally, it should be noted that many exchanges are now experiencing negative funding rates, which indeed pose a risk of being liquidated. If you are determined to consider short positions on the left side, you can set your stop-loss at 3180. The logic here is that 3180 is not only a minor resistance above but also the pressure zone of the triangle convergence pattern in this price movement, which is technically reasonable.