2026-01-02 09:22:09

Ethereum's recent market movement is quite interesting. After the price surged from the high of 3038, it has started to pull back and is now oscillating around 3016.66. Looking at the candlestick chart, you can feel the sense of a sharp rise followed by a pullback—the upward momentum is fierce, but the decline isn't as aggressive.

From a technical perspective, the short-term MA7 is at 3016, and the mid-term MA30 is at 3017, with the price fluctuating around these two lines. Honestly, at this level, the moving averages haven't shown strong support or resistance signals, indicating a state of indecision. However, the volume activity does tell us something—volume clearly increases during upward moves but gradually diminishes during declines. This suggests that selling pressure is easing, and the bullish momentum is relatively stronger.

Currently, the market is in a tug-of-war between bulls and bears, with support at 3009 and resistance at 3038. The price is likely to continue oscillating within this range for a while.

For trading strategies, more aggressive traders can take a small long position, aiming to chase after a breakout above 3038, with a stop-loss at 3020. Conversely, if the price falls below 3009, a small short position could be considered, with a stop-loss at 3015. However, the safer approach is to wait until the trend becomes clearer before taking action—avoiding frequent trades in such choppy conditions, as the costs and risks are not worth it.

ETH1%

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.

18 Likes

Reward
18
8
Repost
Share

Comment

0/400

VirtualRichDream

· 18h ago

Getting stuck again at this damn 3016 level, can't tell if it wants to go up or down, so annoying. Increasing volume is a signal, but I still think this move isn't that simple, so I'll keep observing. Break 3009 first, or else just hold and wait for death.

View OriginalReply0

MysteriousZhang

· 01-04 20:37

Another round of this back-and-forth market, so annoying. Just wait for a clear direction to come.

View OriginalReply0

SerLiquidated

· 01-04 18:23

Still messing around in this crappy range between 3016-3038, really annoying. It's better to wait for a clear breakout before taking action.

View OriginalReply0

LiquidityHunter

· 01-02 09:51

The liquidity depth at the 3016.66 level is really interesting. The upward momentum has significantly increased, while the downward movement has contracted. This asymmetry indicates that selling pressure is indeed easing. The arbitrage space between 3009 and 3038 is actually quite good; it all depends on whether we can capture the liquidity gap.

View OriginalReply0

BearMarketGardener

· 01-02 09:51

Another stagnant market like this, it's really annoying. I'd rather go farming vegetables.

View OriginalReply0

BearMarketSurvivor

· 01-02 09:46

The shrinking volume and the dulled downtrend—I've seen this signal too many times before. It's often a trap before a false breakout; you need to stick to your stop-loss line to survive. --- 3009 to 3038 just keeps bouncing back and forth. It looks like an opportunity but is actually a trap. I’d rather miss out than get caught. --- Rising volume on up moves and decreasing volume on down moves sound good, but don’t be fooled. History has taught me many times—this kind of stalemate is mostly a buildup, who knows which way it will go. --- Frequent entry and exit in a ranging market is no different from gambling. The fees and slippage eat up more profit than you make. --- If the trend isn’t clear, don’t act. That’s the basic rule for survival. Many people just can’t resist the boredom and end up losing everything. --- Breaking through 3038 is a risky idea. I usually wait for a pullback confirmation before considering it. Keep enough safety margin.

View OriginalReply0

MetaverseMigrant