2026-01-08 04:22:46

Morning ETH Trend Summary

The entire morning has been ranging around 3160. The lowest point in the early hours was 3124, followed by a rebound to 3180 but encountered resistance and pulled back. From the candlestick chart, this appears to be a technical correction at a high level and does not yet constitute a trend reversal. The bulls and bears are in a state of balance.

For subsequent trading ideas, consider the following:

If bullish, you can take a light long position around 3120-3130, with a stop loss below 3100. The target range is 3180-3200. If it breaks upward, you can continue to look at 3240-3260.

From a bearish perspective, a light short position around 3180-3200 can also be considered, with a stop loss above 3220. The target is 3130-3120. If it continues to break downward, it may reach 3100-3080.

Key levels to remember: support is near 3120, resistance is near 3180. Repeated testing of these two points will determine the next directional move.

ETH-0,91%

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BearMarketSurvivor

· 15h ago

The 3120 level is quite interesting; it feels like I need to keep testing it repeatedly.

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LiquidityWizard

· 01-08 04:52

actually the 3120-3180 range is statistically significant but ngl the "balanced forces" narrative is what everyone says when price action is literally just... doing nothing. been monitoring these levels for like 36 hours straight and empirically speaking the liquidity holes around 3100 are more interesting than the resistance at 3180 tbh

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TrustlessMaximalist

· 01-08 04:52

3120 and 3180 are just these two levels repeatedly pulling back and forth; I'm already tired of watching it.

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SybilAttackVictim

· 01-08 04:42

Positions 3120 and 3180 are being tested repeatedly, interestingly, it still feels like the bulls are in the lead.

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SatoshiSherpa

· 01-08 04:37

3180 is really a tough barrier. How many times have I tested it repeatedly? I feel like I need to break through.

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LayerHopper

· 01-08 04:23

3160 has been consolidating for so long; it should have broken out by now. It feels like it's just waiting for some event to trigger a dump or a rally.

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