Ethereum's trend is just as analyzed on December 26th, and it has indeed entered an upward mode. But to be clear—this is still a rebound phase, and there's still some distance from a true trend reversal.
There's a pattern every year around the New Year: the market tends to see a bullish counterattack. New year, new atmosphere—exchanges need this kind of market to attract off-chain funds and new users, while also boosting retail traders' confidence in going long.
The question is—how long can this rally last? Honestly, I hope it lasts a bit longer than last year. Taking Ethereum as an example, after six consecutive days of upward trend on the daily chart last year, it experienced three consecutive declines on January 7th, directly breaking through the initial starting point of the new year's rally. This lesson is clear before us, and we must take it seriously. Following the logic of "learning from past events," history often leaves clues, and bulls should remain cautious at this point.
In practical trading, regardless of the situation, the long positions should have been at least 70% taken profit. The remaining part should be held as a break-even strategy—don't be greedy.
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DaoGovernanceOfficer
· 01-07 15:12
ngl the pattern recognition here is solid... but empirically speaking, your 70% exit rule lacks clear KPIs for reentry. what's the governance mechanism for taking profits vs. holding?
Reply0
MeaninglessApe
· 01-05 14:29
It's the same old story, exchanges' New Year bloodsucking tricks... I was also involved in the wave on January 7th last year, I really can't hold on anymore.
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gm_or_ngmi
· 01-04 15:56
The massacre on January 7th last year was too brutal; this time, I need to be more cautious. 70% take profit is indeed a conservative approach.
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PrivacyMaximalist
· 01-04 15:56
That brutal sell-off on January 7th last year, is it happening again? It's a bit annoying.
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MEVvictim
· 01-04 15:50
I still haven't forgotten the tragedy on January 7th last year... This time, I really have to be cautious, and not get hit again.
Ethereum's trend is just as analyzed on December 26th, and it has indeed entered an upward mode. But to be clear—this is still a rebound phase, and there's still some distance from a true trend reversal.
There's a pattern every year around the New Year: the market tends to see a bullish counterattack. New year, new atmosphere—exchanges need this kind of market to attract off-chain funds and new users, while also boosting retail traders' confidence in going long.
The question is—how long can this rally last? Honestly, I hope it lasts a bit longer than last year. Taking Ethereum as an example, after six consecutive days of upward trend on the daily chart last year, it experienced three consecutive declines on January 7th, directly breaking through the initial starting point of the new year's rally. This lesson is clear before us, and we must take it seriously. Following the logic of "learning from past events," history often leaves clues, and bulls should remain cautious at this point.
In practical trading, regardless of the situation, the long positions should have been at least 70% taken profit. The remaining part should be held as a break-even strategy—don't be greedy.
Happy New Year.