2026-01-13 03:28:05

The market movement at 10 PM last night for Ethereum was quite intense. It dropped sharply from over 3100 directly down to 3061, sweeping out both those preparing to buy the dip and those chasing high positions. Subsequently, it rebounded to 3145, looking like it was about to rise, but then turned back around to hover near 3100 and started to grind.

We've seen this kind of pattern before—first killing off long positions to trigger stop-losses, enticing shorts to enter, then entering a sideways grind. Trading volume has clearly shrunk, and the MACD indicator shows signs of a golden cross divergence worsening, indicating decreasing market participation.

From a technical perspective, 3100 is a relatively key psychological level and a short-term critical support, having been tested multiple times. If this level can hold, the market might attempt to test the 3150-3170 range. But if it breaks, then support around 3050-3000 will need to be watched closely.

Operationally, it is recommended to continue with light positions in futures, avoiding greed. The 3120-3130 range can be considered for light short positions, with targets around 3080-3060. The main focus should be on risk management, as the market is quite volatile and easy to get caught in a trap during such choppy conditions.

ETH-0,41%

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DegenTherapist

· 3h ago

It's the same pattern again. I haven't even reacted before being stopped out and eaten.

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PanicSeller

· 4h ago

It's the same old trick again, sweeping like this every time. I just want to know how many people got caught when it was at 3145. If we can't hold 3100, we'll admit defeat, don't resist stubbornly. This sideways movement really wears people out. I truly can't understand those who still dare to buy the dip when volume shrinks. Small positions are the right way; those greedy ones are lying on the ground.

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PrivacyMaximalist

· 4h ago

Last night, that needle prick was really painful, my friend got liquidated directly haha It's the old routine again, repeatedly testing the psychological price level just to shake out the traders If we can't hold 3100, then we need to prepare for a more difficult trend ahead

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RektButAlive

· 4h ago

Still pulling back and forth at 3100 again. When will there be a clear winner?

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ForkYouPayMe

· 4h ago

Last night's injection was really amazing, it directly cleared people out. We're still struggling here at 3100. Once 3100 breaks, it will depend on whether 3000 can hold. Otherwise, it will be even more uncomfortable. The most annoying thing about this kind of market is that the volume has disappeared, and nothing is easy to operate. Just keep a light position, those greedy ones are now trapped. It feels like this round will consolidate sideways for a while again. Forget about making quick money. The MACD divergence is a bit hard to watch; market participation is indeed declining. Friends shorting at 3120-3130, be careful with your stop-losses, don’t get pierced by the rebound.

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ProofOfNothing

· 4h ago

It's the same old trick again. I only realized last night after being swept. We've all learned the hard way. If I can't hold 3100, I'll admit defeat and stop playing psychological games. The trading volume has shrunk so drastically this time, indicating that no one wants to move. Keeping a small position is truly a lifesaver. Greed ultimately got me trapped and killed me.

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