2026-01-21 03:25:15

ETH is currently around $2,960, just hitting a key support level. From a technical perspective, the $2,960-$3,000 range is an important resistance zone. Looking downward, $2,900-$2,930 is a stronger support. If that breaks, it could drop straight down to around $2,850. Looking upward, $3,050-$3,100 is a recent resistance. If it can break through, the strong resistance at $3,180-$3,200 becomes the target.

In the short term, the likely range is between $2,900 and $3,100, fluctuating within this box. From an indicator standpoint, being slightly weak in the short term is true, but the bottom support is relatively solid. The probability of a sharp drop below $2,900 is low. However, if volume breaks below $2,900, caution is needed, as it could test the bottom at $2,850. Conversely, if volume breaks above $3,100, attention should turn to the pressure zone at $3,180-$3,200.

Specific trading strategy: At this position, it’s not recommended to blindly short. You can wait for a rebound to around $3,050-$3,100 to consider reducing positions or opening a light short. If it drops below $2,900, stop-loss and wait-and-see. Honestly, the current volatility is quite significant, so proper position control and stop-losses are essential.

ETH0,8%

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MetamaskMechanic

· 4h ago

If we hold firm at 2900, it's a bet on a weak rebound, but this wave of decline is quite fierce, feeling like a break is imminent. It's that box theory again. I think sooner or later we need to choose a direction; staying inside isn't a solution. Just set your stop-losses properly. Anyway, this cycle has little certainty; lying flat is the most comfortable. I will only believe if it truly breaks above 3100; otherwise, it's all just a false alarm. If it breaks below 2900, I'll just clear my positions and sleep, can't bother with this level. Position sizing should be light, everyone. The current market is unpredictable; going all-in is just asking for trouble.

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DegenGambler

· 01-21 03:42

2900 hasn't broken yet, still dithering here, so annoying

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quietly_staking

· 01-21 03:39

2900 is really a key level; if broken, we have to run --- It's another box-range fluctuation; this market is really exhausting --- 3100 is the real test; we'll see the outcome then --- Stop-loss is very important; don't let a single mistake ruin your position --- Feels like there will be repeated tug-of-war between 2900-3100, no short-term direction --- Only dare to follow through with a volume breakout; currently, this position is a bit awkward --- 2850 might be the true bottom, but the probability is low --- Always keep your position size in check; this kind of market is most prone to liquidation

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BearMarketMonk

· 01-21 03:36

It's the same old story... box oscillation, support and resistance, controlling positions. After all these years, I still can't change. If 2900 really breaks, then it just breaks. The market never dances according to our small range, and this time is probably no exception.

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LiquidationSurvivor

· 01-21 03:36

Once again, messing around in the dead zone of 2900-3100, it's driving me crazy. --- ETH can't be shaken out, I think it's just trying to absorb the accumulation. --- Don't skimp on stop-losses; last time I was lucky and slid straight from 3200 to 2850, a bloody lesson. --- Breaking below 2900 with increased volume is the real signal; now if it drops, it's just a false move. --- Actually, the most frustrating thing now is this position, both bulls and bears are trapped, whoever moves will die. --- Let's see if it breaks through that 3100 line first, otherwise it's all just talk. --- Holding positions tightly; with such big fluctuations, who dares to hold heavy? --- I don't quite believe in the idea that the bottom support is solid; I've seen 2850 several times. --- A rebound to 3050 and shorting should still be safe; just follow the rhythm and take some profits.

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