Recently, the market has been a bit turbulent, but upon closer inspection, the fundamentals of Ethereum haven't really changed. There is indeed some panic in the market, and funding rates are telling a bearish story, but from a technical perspective, the signs of a rebound are right there.
Many people like to chase short-term fluctuations, but this often leaves them exhausted. Honestly, for ordinary investors like us, capturing the main trend is the real way to make money. The Federal Reserve may signal easing soon, which is a positive for the entire crypto ecosystem. As the core asset of the ecosystem, Ethereum still has the potential to continue upward after this wave of volatility.
**Technical data for reference:** The current price is around 3113.37 USDT. Support levels are near 3086.26; consider entering in batches around this area. The lower support zone is between 3086.26 and 3087.35. On the upside, resistance is at 3183.68, which is just over two percent away from the current price.
**Simple and straightforward strategy:** When near support levels, consider placing long orders; if the support is broken, cut losses decisively. Find suitable entry points amid the volatility, hold firmly, and wait for the next upward cycle. Time will prove everything.
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NotSatoshi
· 01-09 02:55
Hold firm and don't be scared away by panic; time will prove everything—this saying is spot on.
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MysteriousZhang
· 01-09 02:46
Well, you still have to wait until it hits the support level before taking action. Buying in now makes it easy to get cut.
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If the fundamentals haven't changed, there's no need to worry blindly; it's just market sentiment playing tricks.
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When the funding rate for shorts is extremely high, it's actually an opportunity. I've seen too many people get cut during such times.
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It's not too late to get excited once the Federal Reserve's easing measures are implemented. First, let's see if 3086 can hold.
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I just want to know if anyone has truly held through a complete cycle without cutting.
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Every time, people say the big trend is most important, but when there's a short-term dip, they panic. That's how I am.
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That resistance level at 3183 isn't far; only if it's broken is it worth getting in.
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Basically, wait for the dip. If it doesn't fall, I don't even look at the charts.
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Short-term trading takes time and can be upsetting. It's better to just dollar-cost average into the next cycle for a more comfortable experience.
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LiquidityHunter
· 01-09 02:42
It's the same old story, every time there's a sharp drop, they say the fundamentals haven't changed. I don't believe you.
Easy to say, but how many people can really hold on without cutting losses midway?
Make big money? First, survive to see the next round.
The story of the rate cut and the bearish narrative has been going on for so long, but there's no end in sight.
Holding 3086 steadily would be good enough; don't overthink it.
Recently, the market has been a bit turbulent, but upon closer inspection, the fundamentals of Ethereum haven't really changed. There is indeed some panic in the market, and funding rates are telling a bearish story, but from a technical perspective, the signs of a rebound are right there.
Many people like to chase short-term fluctuations, but this often leaves them exhausted. Honestly, for ordinary investors like us, capturing the main trend is the real way to make money. The Federal Reserve may signal easing soon, which is a positive for the entire crypto ecosystem. As the core asset of the ecosystem, Ethereum still has the potential to continue upward after this wave of volatility.
**Technical data for reference:** The current price is around 3113.37 USDT. Support levels are near 3086.26; consider entering in batches around this area. The lower support zone is between 3086.26 and 3087.35. On the upside, resistance is at 3183.68, which is just over two percent away from the current price.
**Simple and straightforward strategy:** When near support levels, consider placing long orders; if the support is broken, cut losses decisively. Find suitable entry points amid the volatility, hold firmly, and wait for the next upward cycle. Time will prove everything.