2026-01-09 01:27:04

Looking at ETH's technical chart, the four-hour timeframe shows obvious resistance. All short-term moving averages are forming a barrier above the price—MA5 to MA20 form a continuous line of defense, and MA60 at 3178 is an even more formidable resistance level.

The price failed to hold at 3120 during the rebound, trading volume remains weak, the MACD indicator is deeply in negative territory, and the RSI stays at 47, indicating a weak zone. This level clearly represents a rebound within a downtrend, and the apparent upward movement is actually a trap set by the bulls.

Currently, at 3109, it’s more prudent to short directly, with the next support at the previous low of 3052. The technical signals are already quite clear.

ETH0,76%

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SellTheBounce

· 01-11 23:42

Sell on rebound; I've seen this trick many times. Can't hold onto 3120, and there's more to fall below. There's always a lower point waiting for the next sucker to catch.

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BlockchainGriller

· 01-11 18:04

The lack of volume is real; failing to hold 3120 indicates a problem.

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MEVictim

· 01-10 08:22

Are you trying to lure more buyers again? I feel like every day is just more enticing...

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DisillusiionOracle

· 01-09 01:57

3120 can't be broken either, this is a false breakout, the bears should be excited now.

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TokenToaster

· 01-09 01:57

It's the same old trick of moving average suppression again. Why do I feel like every time I say it clearly...

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ChainPoet

· 01-09 01:50

Here comes the argument of cutting leeks again... the last time I heard you say that, ETH shot up to 3200.

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AirdropHunter9000

· 01-09 01:48

With such weak volume, daring to rebound is definitely a trap to lure more buyers.

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MissingSats

· 01-09 01:46

If you can't hold your position at 3120, you should run. What are you waiting for?

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SelfCustodyIssues

· 01-09 01:45

Once the volume weakens, you can tell this rebound is just a false rally, a trap for more buying. Do I need to say more? Short positions are already in place, just waiting for 3052. The moving averages are all holding it down, so the downward logic is solid. If 3120 can't hold, you still want to fly? Wake up, everyone. With MACD in such a deep negative, I dare not bottom fish. I simply think this wave's technical setup is too clear, so clear it's a bit suspicious haha.

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CoffeeNFTs

· 01-09 01:35

Hey, with such weak momentum, daring to rebound—it's a classic trap to lure buyers in. Just short at 3109.

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