ETH Contract Short-Term Pressure, Short-Selling Opportunities Emerge
ETH surged to around 3170 this morning, but the upward momentum clearly cooled off, with a significant decline in trading volume signals. The chart shows that the 3180 level constitutes strong resistance, with bulls repeatedly testing this area but unable to break through effectively. From a technical perspective, the current price and resistance level create a certain retracement space that offers trading opportunities.
Market participants have set up short positions around 3155, providing a buffer zone from the upper resistance level, which offers a relatively safe entry point for short-term adjustments. Take-profit targets will be set after further confirmation of support levels.
It is worth noting the current ETH volatility influenced by US economic data and the overall sentiment shift in the crypto market. If you are interested in real-time market analysis like this, you can follow subsequent technical updates. If better entry points appear in the short term, related strategies may be adjusted accordingly.
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GweiObserver
· 12h ago
If 3180 can't be broken, then it's empty; 3155 is a solid position.
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PumpingCroissant
· 01-12 05:51
Breaking 3180 is impossible, short positions are lurking at 3155, I’m familiar with this routine.
It’s the same old story, waiting for Federal Reserve data? Or just continuing to cut the leeks.
Trading volume shrinking is the key; without buyers, how can it rise?
Entering short at 3155 feels a bit greedy; the risk is not small, friends.
A break below is the signal; don’t enter early and get smashed.
This wave will either drop sharply or move sideways; there’s no middle ground.
Support levels haven’t been confirmed yet; how to set take profit? It’s all just empty talk again.
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HashBandit
· 01-12 05:50
volume's drying up fast... seen this movie before back in my mining days, always ends the same way lol. 3180 resistance is legit thicc tho, but ngl the real question is whether eth's gonna pump or just bleed more gas fees at us. short setup at 3155 sounds okay i guess but honestly the scalability issue here is the real short 🤷
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TheShibaWhisperer
· 01-12 05:50
3180 can't be broken? Then it's time to consider short positions. This wave of pullback is too comfortable.
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RooftopVIP
· 01-12 05:31
3180 has hit the wall so many times, I'm really tempted to go short.
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gm_or_ngmi
· 01-12 05:31
3180, this level is going to be a hassle again, the bulls are really stubborn.
Shorts at 3155 still feel a bit risky, let's wait and see if it can break 3150.
With such low trading volume, there's not much to play with. Let's wait a bit longer.
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GateUser-ccc36bc5
· 01-12 05:23
The 3180 hurdle is really tough for the bulls to overcome. I think the short positions are actually quite good. Entering at 3155 provides enough stop-loss space.
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LiquiditySurfer
· 01-12 05:21
3180 can't be pushed down anymore, this time it's really going to break the level
Shorts are placed at 3155, feeling a bit greedy... but with the declining volume, there is indeed a chance
Keep an eye on the US data these two days, don't get caught on the wrong side of the market
ETH Contract Short-Term Pressure, Short-Selling Opportunities Emerge
ETH surged to around 3170 this morning, but the upward momentum clearly cooled off, with a significant decline in trading volume signals. The chart shows that the 3180 level constitutes strong resistance, with bulls repeatedly testing this area but unable to break through effectively. From a technical perspective, the current price and resistance level create a certain retracement space that offers trading opportunities.
Market participants have set up short positions around 3155, providing a buffer zone from the upper resistance level, which offers a relatively safe entry point for short-term adjustments. Take-profit targets will be set after further confirmation of support levels.
It is worth noting the current ETH volatility influenced by US economic data and the overall sentiment shift in the crypto market. If you are interested in real-time market analysis like this, you can follow subsequent technical updates. If better entry points appear in the short term, related strategies may be adjusted accordingly.