2026-01-20 03:34:03

Looking at the recent 1-hour trend of Ethereum, there have been two consecutive bullish candles, which is a somewhat interesting signal. The key support level is around 3163, which is actually a good entry point for a low buy.

The subsequent trading strategy is to build long positions around this low point. Specifically, you can consider accumulating on dips within the 3170 to 3140 range, with an upper target around 3240. This approach allows you to seize rebound opportunities while maintaining relatively safe entry conditions at the support level.

Of course, technical analysis is just a reference; it should be combined with real-time market sentiment and the overall trend of Bitcoin for a comprehensive judgment. However, this range is indeed worth paying attention to, especially for those engaged in short-term trading.

ETH-3,32%

BTC-1,71%

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down_only_larry

· 7h ago

3163 this level does have some signs, but I'm more concerned about whether it can really hold steady. Two consecutive bullish candles, to be honest, are not enough to be confident. Wait, why are you talking about technicals again? How is the market sentiment right now? If BTC isn't showing strength, then ETH will have a hard time rebounding. Going long at 3170? That's a bit risky. I think I'll wait until around 3140 to decide, haha. By the way, have my friends been making money with short-term trading recently? It seems that market volatility has indeed created opportunities. The target of 3240 is a bit conservative. After breaking 3170, we should look for higher levels. Honestly, support levels are sometimes just a facade; what really matters is the trading volume.

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NotGonnaMakeIt

· 7h ago

3163 that point is indeed attractive, but I'm still watching BTC, and whether ETH follows the main trend is uncertain.

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AirdropHunterKing

· 7h ago

Bro, I need to double-check the wallet address repeatedly at this position 3163. Can it really rebound to 3240? I thought about this before, but ended up losing everything, even my underwear. Can two consecutive bullish candles be trusted? My biggest lesson from years of yield farming is that technical analysis is deceptive, and market sentiment is even more deceptive. Wait, is your zone allocation method just like my yield farming strategy, requiring diversified positions? Otherwise, if the price breaks through the support level, the gas fees will be wasted and not recovered.

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SmartContractPhobia

· 7h ago

The 3163 level does have some significance, but I still want to see if it breaks below 3140 before making any judgments. Two bullish candles and you want to buy the dip? Be careful, if the rebound fails, it could jump straight to a dive. Target 3240? It feels a bit overly optimistic. If this rebound can push to 3200, I’ll be impressed. Support levels can be broken easily; the key still depends on how BTC moves. It’s too easy to get dragged down. How are the friends who entered at 3170 doing now? Can they hold steady? This wave of movement looks comfortable, but I always feel it’s a bit too smooth... I’m suspicious. Short-term trading is the easiest to lose money, especially when your market sense is unstable. I wouldn’t chase this rebound.

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