2026-01-21 04:22:56

Ethereum continues its decline from yesterday, with prices oscillating lower over the past two hours. The market opened near $2975 this morning, reached a high of $2982 during the session, then fell to a low of $2928. At 11:45, the quote was $2941, down approximately 1.1%.

From a technical perspective, the MACD has already formed a death cross, with bearish momentum mildly expanding. The 5-day and 10-day moving averages are exerting clear resistance on the price. Market risk aversion sentiment has noticeably increased, and although trading volume has slightly expanded, there is a lack of effective breakout momentum.

In the short term, $2900 is a key support level below, with resistance around $2980 above. The current trading strategy is mainly to observe; if participating, consider reducing positions in stages at higher levels with a light position, prioritizing risk control.

ETH-0,46%

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AlwaysAnon

· 9h ago

It dropped again. This wave is really boring; as soon as the death cross appears, it's time to run. --- If we can't hold 2900, we'll directly break the bottom. It feels like there's still room to go down. --- Wait, I just realized the logic of reducing positions in light trading. Haha. --- The rising risk aversion is a signal that institutions are cutting the leeks, everyone. --- Damn, why didn't I get a warning when it was 2975 in the morning? --- Volume increased but there's no momentum to break through? That's called a weak rebound. --- I've already run half; the rest will wait for the 2900 support to decide. --- If there's no effective breakout, it will continue to fall. The bears haven't had enough yet. --- I should have sold when the MACD formed a death cross. Now I regret it. --- Reducing positions at high levels sounds easy, but in practice, who can keep their composure? --- The 2900 support feels weak too. If it's broken, let's see it go lower.

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BearMarketSurvivor

· 18h ago

Still dithering after the death cross, breaking 2900 is the real end of the game

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GasDevourer

· 01-22 17:18

It's the same old story of death crosses and suppression. Basically, it's just lack of confidence. --- If 2900 can't hold, I'll just laugh. Then there will be another wave of plunging. --- Reducing positions lightly? Sounds like speaking without direction. This atmosphere is indeed disappointing. --- The risk aversion sentiment is heating up, indicating that big players are all fleeing. Retail investors are still watching technical indicators here. --- Relying solely on the 2980 resistance? That's a bit funny, brother. --- Waiting passively for 2900 still depends on the central bank, right now technical analysis is useless. --- Every time they say to mainly observe, but those who wait end up getting trapped, huh. --- Hearing about key support levels a thousand times, but in critical moments, they still get broken through. --- Instead of studying moving averages, it's better to look at macroeconomics. That's the real killer.

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AirdropAutomaton

· 01-21 04:52

A death cross has occurred, and this time it's really a bit weak. Repetitively testing around 2900 again, I should have known it would be like this. It's better to stay on the sidelines; don't be greedy. Entering now would just get you cut. If 2980 can't be broken, it will probably continue to decline. Risk control comes first, that's a good point.

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FUD_Whisperer

· 01-21 04:46

When the death cross appears, I know this wave is not going to work out; waiting and watching is the right choice.

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LiquidatedDreams

· 01-21 04:35

It's starting to fall again, really getting on my nerves --- A death cross has formed, we need to hold above 2900 and not break it --- Tired of the same old talk about light positions and reducing holdings, let's just wait and see --- It's all about risk aversion sentiment heating up, don't expect much in the short term --- Whether 2900 breaks or not is the key, anything else is pointless right now --- Trading volume can't pick up, this rebound is barely convincing --- It's mostly watching and waiting, so I might as well go back to sleep --- Volatile decline, a typical step-down move --- I wanted to buy the dip but it dropped again, unbelievable --- The MACD death cross has such strong resistance, I think 2900 is hanging in the balance

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RebaseVictim

· 01-21 04:29

It's dropping again, with a death cross every day. I'm really fed up.

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