Beware! Ethereum's late January sell-off warning: Daily and weekly signals both turn red

Profit-taking master—Core insights

Short-term rebound is purely a trap; ETH is likely to undergo a deep correction at the end of January, with the $3000 level possibly being lost!

Daily level: Head and shoulders top formed, rebound is a window for distribution

- Price remains trapped within the head and shoulders pattern; after breaking through $3300, it quickly retreated, with clear resistance at the right shoulder;
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- Broke below the MA5 moving average, MACD red histogram shrinks, short-term upward momentum exhausted, with the $2880 neckline as the last line of defense;
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- The amount of longs and shorts liquidated is nearly equal, with over $59 million in liquidations in 24 hours, indicating extreme divergence in funds.

Weekly level: High-level resistance, strong need for a correction

- After touching the MA5 on the weekly chart, rebound efforts faltered, unable to hold above the key $3300 level; bulls' attack weakens;
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- ETF fund outflows exceed $258 million, whales continue to reduce holdings, institutional risk aversion increases;
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- The symmetrical triangle is approaching a decision point, with strong support below near $2600, opening downside space.

A day ago, I warned followers not to chase longs, to trade based on oscillation points, and that there is a gap below 3280 that might be filled if broken; technically, a head and shoulders top has also formed, so all this is predictable.

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(I said it, purely based on technical analysis, few in this market can surpass me) #加密行情预测 $ETH