2026-01-16 09:29:18

Friday Market Summary is here. Ethereum has recently found support around 3280, and this price level still holds well — looking at the chart, it has rebounded four times after retracing to this range, making it a tradable window. Within the range of 3280 to 3400, the strategy is quite clear: set up shorts above, go long below, stop-loss on breakouts, stop-loss on breakdowns, with a decent risk-reward ratio. Placing the stop-loss at $20 offers a balanced operation space and cost, making this fluctuation worth paying attention to.

ETH-0,36%

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ImpermanentLossEnjoyer

· 9h ago

The 3280 level is really interesting; it has rebounded four times and still holds, indicating that someone is definitely supporting the market.

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BlockchainArchaeologist

· 9h ago

The 3280 hurdle is indeed quite stubborn, but I'm still a bit worried. I feel like I might have to go through the same trouble again later.

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token_therapist

· 9h ago

3280 is really a strong support level. What does four rebounds indicate... Surely not trying to trick us into going long again, right?

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GasFeeCrier

· 9h ago

3280 is really a strong level; four rebounds indicate that someone is indeed defending it. But after breaking through 3400, how can it be played?

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ProofOfNothing

· 9h ago

3280 is really a tough level; it has rebounded 4 times and still held. This trading can really be played with.

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P2ENotWorking

· 9h ago

3280 held strong again, can it break this time? Seems like we have to wait.

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DefiSecurityGuard

· 9h ago

wait hold up... so you're saying 3280 held 4 times? ngl that's sus. have you actually verified those candles yourself or just repeating what you saw on twitter? 🚩 not trying to sound alarmist but MEV bots could literally be spoofing those bounces. DYOR before you size into any position here, fr fr

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