2026-01-20 05:20:53

Ethereum's decline yesterday just happened to retouch the 0.618 gap position (around 3165), and also touched the lower edge of the accelerated upward channel. This level is worth paying attention to; in the short term, consider buying the dip to go long.

The key point to watch is the 3050 support/resistance line below. If it can hold here, there are bullish signals above—firstly, keep an eye on the 3288 resistance level. A breakout would target 3450 next, and as long as Bitcoin can stabilize in the 98-100K range, Ethereum's upward correction to 3450-3660 is quite certain.

However, if 3050 is broken, there's no need to rush into short positions. A better approach is to wait for a rebound back to 3150 or 3280, then look for shorting opportunities from the right side. This way, the win rate will be higher.

ETH-7,97%

BTC-4,54%

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DeFiChef

· 11h ago

Line 3050 is really quite critical; breaking it would be troublesome... However, I still expect a rebound to 3280 before taking action.

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liquidation_surfer

· 15h ago

If the 3050 level really can't hold, I'll wait for a rebound before taking action. Don't rush to buy the dip.

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MetaverseLandlord

· 18h ago

Once 3050 breaks, it's game over. Otherwise, just wait to eat the dip.

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ImpermanentPhobia

· 18h ago

If 3050 can't hold up, I'll just go to sleep directly. I don't want to watch anymore.

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BearMarketSurvivor

· 18h ago

3050 is the key. If it can't be broken, there's still hope; if it's broken, don't panic and follow the trend to short. Looking for opportunities on the right side is more reliable.

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ForkThisDAO

· 18h ago

Breaking 3050 is a watershed; if it breaks, don't rush to buy the dip, wait for the rebound and then come in.

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ForkMaster

· 18h ago

Whether or not to break through this 3050 barrier determines everything. I was trapped here last time, and I still feel uncomfortable just thinking about it. However, the short-selling strategy on the right side has been tried a few times, and the win rate is decent—just requires patience—someone raising three kids definitely lacks patience, haha.

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MevShadowranger

· 18h ago

As long as 3050 doesn't break, I won't panic; if it breaks, I won't panic either. I'll wait for the rebound. This strategy is becoming more and more familiar.

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