Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#数字资产市场动态 Can the Ethereum 3365 defense line be broken? Bulls are eager at the key resistance levels of 3401-3403. This battle could determine the recent trend.
From the 4-hour chart, the trend remains upward, but the 15-minute RSI has already surged to 78.3 in the overbought zone— the question is, is this a sign of a full breakout or a carefully laid bull trap? The market is waiting for that crucial K-line to change the pattern.
**Trading Landmarks Overview**
The two most critical lines: the death line at 3401-3403 (resonance resistance on the 1-hour and 4-hour charts). Once confirmed to break upward, bulls may open up more space; the defense line is set at 3276 (1-hour support). If it fails to hold, the structure may collapse.
If the breakout is successful, the initial target is 3550, then extend to 3700.
**Operational Framework**
The only entry signal: the price confirms closing above 3405 on the 1-hour chart and stabilizes. If you don’t see this candle, don’t touch it no matter how tempting.
Set stop-loss at 3270, no room for negotiation.
Take profit in two steps: when reaching 3550, take 50% profit; move the stop-loss of the remaining position to the cost price (effectively risk-free); then focus on 3700, letting the remaining profits run freely.
**Current Data**
Currently, this signal level is C (upgraded from D). Its significance before the breakout is limited, but once broken, the quality will significantly improve. The initial risk-reward ratio is only 1.07:1, but through this staged profit-taking method, it can be optimized to 1.7:1.
The only trustworthy pattern is a volume-driven long bullish candle breakout on the 1-hour chart—everything else is noise.
**Iron Law**
Discipline always comes first. If the 1-hour candle doesn’t close firmly above 3405, don’t move your hand.
Keep positions light, using only 1-2% of total capital to test the market.
If the price breaks downward and falls through 3276, this plan is void; it’s time to exit and observe.
In short, if it breaks out, go; if it breaks down, withdraw—there’s no third option.