2026-01-02 09:21:06

Ethereum current price is $3021, just touching the upper band of the Bollinger Bands (3022.91), indicating obvious technical resistance. The RSI indicator has soared to 76.96, firmly in the overbought zone (above 70 is considered overheated), which suggests that the short-term rally has been overextended. The highest point in the past 24 hours reached 3038, but it has failed to break through multiple times.

Looking upward, resistance levels are layered. First is the upper Bollinger Band at 3022, then the 24-hour high of 3038—here, several previous attempts failed to stabilize. Further up is the 3060 range, where on-chain data shows that large holders have significant positions nearby, likely distributing their holdings in batches. The basic logic is: the higher the push, the greater the resistance.

Conversely, examining support levels below, the middle Bollinger Band at 2985 serves as a short-term strength/weakness boundary. Below that is 2992, the average cost zone for bears—if prices fall here, bears might cut losses and rebound, offering a chance for a bounce. Further down is the lower Bollinger Band at 2948; a break below this indicates a clear technical weakening.

The next trading strategy is straightforward. If prices are to rise, they must break through 3038 and stabilize before testing 3060. Currently, with RSI so high, a slight pullback is needed to digest this overbought condition. If prices move downward, the first support is the 2985 middle band; if it cannot hold, then watch whether the 2992 cost zone provides support. The probability of rebounds at these two levels is relatively high.

The current situation features: high resistance above and limited space below. In other words, a pattern of difficulty going up and ease coming down, more suitable for waiting. If you must trade, you can take a small short position at the resistance levels of 3038 or 3060, but avoid greed. The key point is: do not chase the high (indicators are overheated), wait for a pullback. Confirm stabilization above 3038 before considering long positions, and be cautious if breaking below 2985, with proper stop-loss measures.

ETH-0.17%

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BearHugger

· 01-02 09:51

RSI has already soared to 77, still chasing the high? That's the rhythm of getting cut. Wait, what does it mean when big players are stockpiling at 3060? Isn't it saying there's not much room above? If 2985 can't hold, I'll cut losses directly. This thing is too uncomfortable. This round of overbought is too outrageous, should pull back and wait for a correction. Trying several times at 3038 without breaking through, it seems this is the height in the short term.

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GateUser-9ad11037

· 01-02 09:42

It's the same old Bollinger Bands + RSI analysis again. Why isn't anyone tired of it yet... RSI 76 is already getting hot, and this correction can't be avoided.

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RooftopVIP

· 01-02 09:26

Another dilemma: RSI is already at 76, and you still want to chase? Are you thinking clearly? Everyone says 3038 is the key, but it seems the big players have already sold out at 3060. Wait for a pullback, don't get itchy, really this time.

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AirdropBuffet

· 01-02 09:24

Oh my, RSI is already at 76, still dare to chase the high? Tired of this Wait, are big players selling at 3060? Then let's not go to feed the bullets If 2985 can't hold, I'll cut losses directly, nothing more to say This wave requires patience, don't fall for the tricks The upper band of the Bollinger Bands is stuck, feels like it will drop again

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