Ethereum's recent trend has given us many signals. From a technical perspective, on the hourly and 4-hour charts, the price has already firmly stayed above the upper band of the Bollinger Bands, which is a good sign. More importantly, on the daily chart, all three Bollinger Bands are expanding upwards, with the middle and upper bands both rising. Under this situation, the risk of shorting is indeed very high.
For those who want to participate in short-term longs, my suggestion is to wait until the price is above 3200 before entering, with the closer to last week's high of 3300 being more advantageous. The current buying zone is around 3160-3150. If a smooth breakout occurs, targets can be set at 3200, 3250, and ultimately aiming for 3300. The stop-loss should be placed at 3130; if it breaks below this level, consider closing the position.
Keep your position at around 5% for safety. This is just my personal analysis; when making decisions, everyone should also consider their own risk tolerance.
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.
16 Likes
Reward
16
7
Repost
Share
Comment
0/400
BridgeJumper
· 10h ago
The Bollinger Bands have indeed widened, but can 3300 really be broken?
---
It still feels a bit uncertain. Holding a 5% position is safe, but I'm worried about a black swan event causing a sharp drop below 3130.
---
Wait, you mentioned the buy zone at 3160-3150. Where is the current price now?
---
The risk of shorting is high, no doubt, but if we really push towards 3300, it also depends on BTC's mood.
---
I also want to participate in short-term longs, but the key is that the entry point at this level is a bit awkward.
---
The defensive level at 3130 feels a bit tight; I would probably exit 5-10 points earlier.
---
The daily chart with all three moving averages trending upward is indeed a good sign, much stronger than a couple of days ago.
View OriginalReply0
AirdropFatigue
· 01-12 05:55
Bollinger Bands are fully open, and this wave is indeed hard to short.
The key level at 3300 must be watched closely; once it goes up, everything will be sold off.
5% position as insurance, but honestly, it's still a bit itchy in my heart.
Wait for the entry at 3200; anyway, this wave isn't a big deal.
If it can't break 3300 this time, be cautious.
View OriginalReply0
MEVSandwichVictim
· 01-12 05:40
Why does the 3300 barrier feel so hard to break through? I failed twice before.
View OriginalReply0
AlwaysQuestioning
· 01-12 05:39
The Bollinger Bands have widened again. Can it reach 3300 this time, or is it the usual routine?
View OriginalReply0
GateUser-e19e9c10
· 01-12 05:39
The Bollinger Bands are opening so wide, indeed caution is needed.
View OriginalReply0
consensus_failure
· 01-12 05:31
The Bollinger Bands are opening again, I'm tired of hearing this explanation...
But the 3300 level is indeed difficult, last time we couldn't break through it.
Ethereum's recent trend has given us many signals. From a technical perspective, on the hourly and 4-hour charts, the price has already firmly stayed above the upper band of the Bollinger Bands, which is a good sign. More importantly, on the daily chart, all three Bollinger Bands are expanding upwards, with the middle and upper bands both rising. Under this situation, the risk of shorting is indeed very high.
For those who want to participate in short-term longs, my suggestion is to wait until the price is above 3200 before entering, with the closer to last week's high of 3300 being more advantageous. The current buying zone is around 3160-3150. If a smooth breakout occurs, targets can be set at 3200, 3250, and ultimately aiming for 3300. The stop-loss should be placed at 3130; if it breaks below this level, consider closing the position.
Keep your position at around 5% for safety. This is just my personal analysis; when making decisions, everyone should also consider their own risk tolerance.