2026-01-20 02:21:52

Looking at the daily trend of ETH, the long-term moving averages are holding strongly. The good news is that the medium-term moving averages are still supporting it. The current price is stuck around the 30-day moving average, which is quite interesting. On the hourly chart, signs of a bottoming out can be seen, so today's rebound has a pretty good chance—this range from 3220 to 3260 is worth paying attention to, with support levels at 3170 and 3130 below.

Speaking of which, after the rebound, what then? Most likely, it will continue downward, so don't be too optimistic. Therefore, the trading strategy is quite clear: the current market is in a bearish pattern, and when it rebounds, consider shorting at high levels, focusing on the resistance levels at 3260 and 3220.

ETH-7,2%

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MEVictim

· 12h ago

Rebound and crash, don't overthink it

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BlockchainFoodie

· 22h ago

honestly the hourly bounce setup here is giving me farm-to-fork verification energy — like yeah the supply chain *looks* healthy but the long-term recipe's still burnt ngl 3260 resistance is basically your michelin star moment to short... except the kitchen's still a mess lol

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SmartContractPlumber

· 22h ago

Sell on rebound, the logic is clear. Don't be fooled by signs of a bottoming out. Just touch 3260 and you should run.

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MetaverseVagabond

· 23h ago

The bearish pattern is clear at a glance, with the 3260 strong resistance level. Any rebound will be crushed.

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ForumLurker

· 23h ago

Shorts bounce and then get crushed. This trick is old news; once it hits 3260, you have to run.