Ethereum's market has indeed surged sharply today. Those few shooting star candles look intimidating, but upon closer inspection, they are just market traps.



The continuous inflow signal of netf remains quite clear, with the long-short ratio dropping from 2.8 last month to 1.5 now. This change indicates that the bullish momentum is recovering. However, the actions on the American side are a bit erratic, with signs of shifting towards a more cautious strategy.

For the bears, caution is still advised for now. As we analyzed earlier, the 3300 level has been consistently suppressing the market. In the short term, it's not recommended to chase high directly; aiming for 3400 would be more prudent.

Tonight's key level is at 3320. Whether it can hold is very important. If it can be maintained, it might even present a shorting opportunity. Overall, the outlook remains bullish, but the pace needs to be controlled carefully.
ETH0,74%
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.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
WalletWhisperervip
· 01-09 09:34
Shooting star candles are scary? Haha, it's just a trick to scare retail investors. The bulls are gathering strength. The long-short ratio has dropped from 2.8 to 1.5, which is the real signal. The bulls are gradually standing up. If we can't hold 3320, we'll talk again. Otherwise, let's wait and see. The Federal Reserve is indeed a bit unpredictable, but Ethereum's recent rally still has momentum. Don't chase high in the short term; 3400 is a safe entry point. I agree with this approach. Controlling the rhythm is the key; don't let emotions take over. Stay still and wait for the signal.
View OriginalReply0
BlockchainWorkervip
· 01-08 16:09
The shooting star pattern is often just a scare tactic; the real traps are in the details. The long/short ratio dropping from 2.8 to 1.5 is quite interesting, indicating that the bullish sentiment in the market is indeed warming up. Breaking through the 3320 level will determine the subsequent rhythm. I think it's better to wait before entering.
View OriginalReply0
WalletDetectivevip
· 01-06 15:52
Shooting star patterns are misleading; the real trap lies in emotions. The long-short ratio dropped from 2.8 to 1.5, which is a true signal. If 3320 can't hold tonight, it will be troublesome. Pace is the most important; the greedy ones have all blown up. The continuous inflow of netf this wave does indicate something.
View OriginalReply0
LiquidationSurvivorvip
· 01-06 15:52
The shooting star can't scare me; I've seen plenty of traps before. Holding 3320 is going to be interesting; just wait and see. This round of long-short ratio pullback is real; confidence has increased quite a bit.
View OriginalReply0
EntryPositionAnalystvip
· 01-06 15:46
The shooting star scares people, but it's actually just a manipulation tactic to shake out traders; seasoned traders all understand this. The long-short ratio has dropped from 2.8 to 1.5. The bullish sentiment is indeed recovering, but we still need to be cautious about the Federal Reserve. The 3320 level must not be broken tonight. If it is broken, we need to be very cautious.
View OriginalReply0
MetaverseVagabondvip
· 01-06 15:44
Who is the shooting star scaring? Same old tricks The long-short ratio dropped from 2.8 to 1.5, this is the real signal. The bulls are indeed regaining strength See you at 3320 in the evening. If I can't hold it, I'll admit defeat. If I do, then let's wait for 3400
View OriginalReply0
FomoAnxietyvip
· 01-06 15:32
Is the shooting star scary? Bro, are you trying to make me get trapped again? Haha If I can't hold 3320, I'll just liquidate everything. Instead of waiting for a rebound, it's better to run now. The long-short ratio is moving like this, it feels like someone is about to take over. Chasing the high will get you killed. Let's wait until 3400 to talk.
View OriginalReply0
ForkInTheRoadvip
· 01-06 15:30
The shooting star is back again, every time it scares me into wanting to close my position haha The long-short ratio dropped from 2.8 to 1.5, which is quite interesting. It seems like some people are still bottom-fishing. If 3320 can't hold, I'll just lie flat.
View OriginalReply0
RektRecoveryvip
· 01-06 15:30
nah those wicks are textbook liquidity grabs, called it weeks ago when everyone was panicking lol. multi-month chart doesn't lie fr
Reply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt