Ethereum's recent trend is quite interesting. The price has held above the key support level of 3285 and is currently in a buildup phase, preparing to break through the previous high-pressure zone.



From a technical perspective, the core support comes from the perfect overlap of two moving averages—EMA(7) at 3285.02 and EMA(99) at 3288.80. These two lines are almost touching, forming a solid support surface. As long as this line is not broken, the bulls will still have confidence.

Momentum also looks healthy. The MACD is above the zero line, reaching a value of 19.57, with the green histogram showing no signs of shrinking, indicating that the upward momentum is still accumulating and has not yet exhausted. The RSI(6) is currently at 69.49, which is close to the overbought zone, but in a strong upward trend, RSI often accelerates in the 70-80 range, making this a golden window for profit-taking.

**Trading Reference:**
For long positions, consider building a position in the 3315-3335 range. Place a stop-loss at 3250; if it breaks below this level, it suggests the short-term rebound may be ending. On the upside, the first target is 3402.89, where liquidity pressure may be encountered; if the breakout is smooth, the second target is 3550, which could be the extension point of the wave trend.
ETH-3,56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
wrekt_but_learningvip
· 01-18 17:59
Once 3250 breaks, it's time to run. Whether we can push up to 3550 this time depends on the mood of the big players.
View OriginalReply0
OnchainDetectivevip
· 01-18 17:59
Interesting. According to on-chain data, there are indeed some mysteries behind this wave of market movement. The two EMAs are so close together, clearly indicating someone is secretly coordinating the support level... Such a perfect support surface usually implies what?
View OriginalReply0
DoomCanistervip
· 01-18 17:59
Breaking below 3250 would really be the end. Now it's all about whether we can hold this critical level.
View OriginalReply0
ILCollectorvip
· 01-18 17:53
Run when 3250 breaks, don't ask why, just accept that your mentality is shattered.
View OriginalReply0
WinterWarmthCatvip
· 01-18 17:31
3285 is holding on tightly, it really feels like it's about to rise, just depends on whether it can get over the 3402 hurdle.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)