2026-01-21 07:24:09

Recently, Ethereum's trend has fallen into a downward rhythm. From the candlestick pattern, the appearance of the Evening Star is highly warning—price continues to operate below the moving averages, and the sharp contraction in trading volume further exposes the dominance of the bears, with obvious lack of upward momentum. Under this technical background, the market is looking for new support levels for confirmation.

The key short-term support is around 2977.92. If the price effectively breaks through this line of defense, the market will continue to probe lower, with 2910 potentially becoming the next test point. The external outlook is neutral, with news and sentiment appearing uncertain, and technical factors are the dominant force.

From a trading perspective, a prudent plan is to establish short positions near the 3006.67 resistance, with a stop-loss above 3030.5, targeting 2977.92. If risk appetite is higher, traders can wait for the price to break below 2977.92 and then follow the trend to short, moving the stop-loss to above 3006.67, with a target of 2910.

It should be noted that if the rebound re-establishes above 3006.67, this strategy will become invalid, and the market rhythm needs to be reassessed.

ETH0,83%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
5
Repost
Share

Comment

0/400

TopBuyerBottomSeller

· 13h ago

When the Evening Star appears, I know it's going to crash, the volume is shrinking ridiculously... Wait until 2977 breaks, are you still hesitating now? It's another relay game, whoever takes the last baton loses... Is 3006 really that strong at this critical level? It feels like it could collapse at any time... I bet it will break 2910, are you in or out?

View OriginalReply0

FortuneTeller42

· 13h ago

The Evening Star is here again. Is this time really going to drop? It feels like every time the Evening Star appears, there's a rebound... It's those numbers again, 2977, 2910. I remember last time being around here too, but what happened in the end? Short positions can be arranged, but I still think that with the news being so calm, it might easily hit the bears... Does shrinking volume necessarily mean the bears are in control? Or is everyone just waiting and watching? If the 3006 line holds, what then? That would be quite awkward. It feels like this wave might be bottoming out, so no rush to chase short positions. Wait, could the appearance of the Evening Star at the bottom actually be an opportunity?

View OriginalReply0

failed_dev_successful_ape

· 13h ago

It's another Evening Star, another bearish control. I feel like I've heard this phrase too many times recently. --- Breaking 2977.92, is it that simple? I'm watching the live data, let's wait and see. --- The contract short positions are already placed. Let's see if it can drop to 2910 to eat the dip. --- A rebound from 3006.67 means a reversal and restart. Really annoyed by this kind of repetitive situation. --- I hate shrinking trading volume the most. The signals at this time are all deceptive. --- Friends with high risk appetite, pay attention. Breaking 2977.92 to chase the short position takes some guts. --- Is it possible that it's just sideways trading? Don't jump to conclusions so quickly. --- With such a high occurrence of Evening Stars, is it still valuable?

View OriginalReply0

MidnightMEVeater

· 13h ago

Good morning, everyone, night creatures. Once again, it's the Dusk Star Theater, with trading volume shrinking like a liquidity pool drained by robots... May I ask, how many of you will be attacked and eaten for lunch at 3006.67 in a sandwich?

View OriginalReply0

Ser_Liquidated

· 13h ago

Evening Star is here again. Is this really the moment to crash or just testing the bottom again? The shrinking trading volume indicates that big players are watching. Small retail investors, stop messing around. Once the key point at 2977 is broken, we should look down to 2910. Prepare yourself mentally for a cut. Wait, if the rebound stabilizes above 3006.67, then this entire plan is invalid? Easier said than done—who can precisely hit this point in reality? It's another Evening Star. Why do I feel like this pattern has appeared a hundred times in the past six months, yet the ups and downs remain unpredictable? Technical analysis dominates, so be it. Anyway, I can't understand these numbers. Going all-in is the way to go. Regardless, set your stop-loss at 3030.5. After all, the principal is the most important; don’t mess with your money.

View OriginalReply0