2026-01-02 08:25:48

I have been watching the 5-minute trend of Ethereum earlier. In this wave of sharp rise and fall, there are indeed many details that can be exploited. Today, I will share what I have observed.

**Current Market Situation**
Ethereum initially surged quickly to reach a short-term high of 3038.42, then continued to decline. Now, the price is fluctuating around 3030. From the Bollinger Bands perspective, it’s more intuitive——the price has been smashing from the upper band down to the middle band (3028.49), indicating that the previous bullish momentum has been almost exhausted, and the short-term is entering a typical consolidation phase.

**What the Indicators Are Saying**
Pay special attention to the MACD details here. Although DIF is still above DEA, the gap between the two is narrowing, and the histogram has shifted from expanding to contracting. More importantly——during this retracement, the trading volume actually increased, indicating significant selling pressure exiting the market. In the short term, it’s likely to continue grinding sideways.

**Remember These Two Levels**
Resistance is in the 3035-3038 range, which is the previous high combined with the upper Bollinger Band. The bulls previously hit a snag here, and going higher will likely face resistance again. Support is at 3020-3022, which is at the lower Bollinger Band. If broken, it may retest the previous support around 3010.

**How to Trade**
For short-term trading, wait for a rebound to 3035-3038 to enter short positions, with a stop-loss above 3040. The goal is to profit from the consolidation and subsequent decline. The logic for going long is the opposite: wait for a correction to 3020-3022, with a stop-loss below 3018, aiming to catch a rebound in the sideways movement.

Band traders should not overcomplicate things; the fluctuations on the 5-minute level are essentially minor noise. For those already holding medium-term longs, move your stop-loss up to 3015; if it breaks below, exit. If you haven’t opened a position yet, don’t rush to bottom-fish. Wait until the hourly trend is clearer before acting—this is the safer approach.

Ultimately, the market isn’t that complicated. The key is to stick to your levels and not get distracted by short-term volatility.

ETH2.91%

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governance_lurker

· 6h ago

The rebound of 3035 hasn't come yet, and the selling pressure is so fierce that I suspect it might have to be dragged down to 3020 before there's any hope.

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ForkPrince

· 6h ago

3030 this level is indeed tough, feels like it needs to be endured further. --- The detail of MACD shrinking volume has long indicated that there’s not much momentum left. --- Wait for the rebound to 3038 before shorting; this wave will be stable. --- Nice, don’t mess around with the swing, there’s too much noise. --- Support at 3020-3022 must be held firmly, or it will be troublesome. --- Exactly, the key is to set the stop-loss correctly and avoid getting trapped. --- The 5-minute level is just noise, I agree with you, bro. --- The signal of increased selling pressure is a bit warning-like, be careful. --- The stop-loss line at 3015 is critical; pulling back or not, it’s a tough call. --- The Bollinger Bands squeezing feels like it’s about to choose a direction, let’s wait and see.

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BugBountyHunter

· 6h ago

Staring at the Bollinger Bands for a long time, I feel that the author's logic is still the same logic. 3020-3022 is indeed a good position to take over. --- Again MACD shrinking and volume increasing. I've heard this explanation too many times. Let's see if it can really fall to the support level. --- Stop loss below 3018 sounds easy, but whether you can hold it during actual operation is another story. --- Five-minute level fluctuations are just noise. That's true, but how many people get caught in this noise and die? --- I believe in the resistance level of 3035-3038, but is this really the point of getting stuck? It feels a bit uncertain. --- Waiting for the hourly level to clarify the direction before taking action. That's correct, but how many can resist the urge when they get itchy? --- Moving the swing position stop loss to 3015 still feels a bit虚, always feeling like being swept out. --- These five-minute level details are actually not very helpful for swing trading. It feels like a waste of time.

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MetaEggplant

· 6h ago

3030 this level is really frustrating, feels like it will continue to oscillate for a while --- Shorts targeted the 3035-3038 range, I've played this trick before, just waiting to see if the rebound is strong enough --- Set stop loss above 3040? Feels a bit tight, this rebound might easily retrace --- I agree not to mess around with swings, but at this hourly level, it doesn't look clear either --- Is the middle band of Bollinger Bands at 3028 the floor? I find it hard to believe --- Volume increased with selling off, what about the follow-up buying? Won't it just keep falling? --- I support the logic of going long at 3020-3022, just worried about stop loss not being hit and reversing --- It's very detailed, but the 5-minute timeframe is too easy to get trapped, better to miss the opportunity than to act prematurely --- Waiting at this position is the most annoying thing, keep waiting and waiting, then suddenly a sharp drop

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Layer2Arbitrageur

· 6h ago

lmao the volume divergence here screams liquidation cascade incoming, not just noise actually if you run the gas optimization on your MEV bundle right now you could catch that 3020-3022 dip cleaner... just saying being real tho? 5min charts are peak copium, wait for hourly confirmation or you're literally donor liquidity

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MEVSandwichMaker

· 6h ago

I've been watching the 3020-3022 support level for a while, just waiting for a rebound to enter a short position.

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GateUser-ccc36bc5

· 6h ago

The support level at 3020-3022 definitely needs attention, but it feels like it still needs to be tested a bit more.

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