2026-01-20 02:25:26

Ethereum surged to 3234 yesterday but faced resistance and pulled back. It has now broken below the daily Bollinger Band middle line (around 3180) and the previous low. The EMA30 moving average also failed to hold. Overall, the bears currently hold the upper hand, and the upward momentum brewed in the early session has been broken.

What is the key judgment for today? The rebound was met with resistance at the resistance level, and the market has returned to the oscillation at the lower end of the range.

**Short-term trading ideas:**

If a rebound occurs within the 3193-3230 range, consider gradually opening short positions. The downward targets are sequentially 3160, 3130, and 3100, which are key price levels.

However, it is important to note that a strong support line has formed at 3100-3120. Only when the price falls into this zone and is accompanied by long lower shadows or bullish divergence signals should it be considered a genuine opportunity to go long.

**Risk control is the most critical:** If the rebound can hold above 3250 (yesterday’s high), it indicates that the bulls are regaining strength. In this case, short positions must be stopped out decisively to avoid being fooled by false breakouts.

ETH-6,87%

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TopBuyerBottomSeller

· 11h ago

It's the same old trick again. If you can't hold the critical level at 3250, you have to cut losses. It sounds easy to say, but in practice, it's a bloodbath.

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GateUser-9ad11037

· 16h ago

Here comes to cut my leeks again, can't even hold 3100 and still want more? --- I respect this wave of the bear trend; once 3180 breaks, it's really over --- Wait, is this support line at 3100-3120 reliable? Feels like it always breaks --- 3250 is probably the chance for the bulls to turn around; entering now is just asking for death --- Stop loss, stop loss, I keep hearing this, my stop losses are already exhausted from losses --- Yesterday they said 3234 would break, why did it pull back? Are they lying to me? --- Can't even hold the middle band of Bollinger Bands, the bears are serious --- Rebound hits resistance and cools off, which just means it will continue to fall --- Short positions at 3193-3230, I bet this wave can still fall further --- How many times have I been fooled by fake breakouts? This time I learned to be smart --- Momentum was broken in the early session, looks like I’ll be watching the show again today --- Not a single key level was held, this market is really incredible

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MentalWealthHarvester

· 16h ago

That wave really can't be pushed up, it still depends on whether 3100 can hold.

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CounterIndicator

· 16h ago

It's dropping again. Can 3100 hold? It seems like it might continue to test lower levels.

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LiquidityWizard

· 16h ago

The short squeeze this time is really fierce. If we can't hold the 3250 level, we really have to cut it.

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AllInAlice

· 16h ago

It's the same old trick. If the 3250 level can't hold, I have to cut losses. In my opinion, we should wait until the 3100 bottom before making a move.

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BtcDailyResearcher

· 16h ago

Once 3234 was broken, it was clear there was no hope; this wave of short positions is indeed comfortable.

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RetiredMiner

· 16h ago

3234 crashes down again, the fierce bottom-fisher is back, haha --- The bears are too aggressive this time, it feels like we're going to break below 3100 and see hell --- Wait, can the 3100-3120 line really hold? I always feel like it will break through again --- It's both stop-loss and bottom divergence, basically just gambling --- I just want to know when we can get back to 3500 so that cutting losses is worth it --- Rebound and then crash again, this rhythm is really annoying. If I had known, I wouldn't have chased the short --- The big players bottom-fishing should make a move now, all the bottom signals are there --- I've been listening to the fake breakdown theory for two years, is it really fake this time? --- If 3250 can't hold, the bulls are truly doomed. Don't cry when that happens --- Can't take it anymore, going all-in on short positions, going all-in at 3100

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