2026-01-13 03:21:32

Ethereum's recent trend is worth paying attention to. From a technical perspective, ETH is trapped within a clear downtrend channel, and the rebound momentum is clearly lacking. The 3120-3150 range is heavily stacked with sell orders, and the RSI indicator has been hovering in the weak zone without any signs of breaking out. This suggests that sustained upward momentum is unlikely in the near future.

The market sentiment is even more concerning. The spot ETF has been continuously withdrawing funds recently, and major institutions are not showing strong buying interest, making it difficult to support a breakout above key resistance levels. The market's desire for a correction is already quite evident.

Looking at market sentiment, the open interest in futures contracts has approached the high of around 40 billion USD. In such an environment of high leverage, sharp price fluctuations are easily triggered. Currently, the bullish and bearish forces are relatively balanced, but the trend is likely to tilt towards the bears.

Based on these assessments, it is recommended to set an entry zone around the rebound area of 3130-3160, with targets looking towards the 3060-3000 and even 2900 ranges.

ETH1,71%

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NullWhisperer

· 13h ago

technically speaking, that RSI flatline is basically screaming "nothing to see here"... except there *is* something, and it's not bullish lol. the whole setup's got vulnerability written all over it—wouldn't be surprised if we test those lower targets tbh.

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SelfMadeRuggee

· 13h ago

It's the same pattern again: institutions retreating, sell-offs piling up, RSI showing weakness. I've been hearing this for over a year, haha. Wait, can 3000 really be broken down there? I think it's a bit unrealistic.

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SingleForYears

· 13h ago

Once again, the same old tune: institutions withdrawing funds, RSI showing weakness, bearish on 2900... does no one dare to buy the dip?

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BearWhisperGod

· 13h ago

Institutional divestment really speaks volumes, indicating that they have also seen through this rebound. --- 3120 can't hold, so don't expect a push higher; the bears are already in position. --- 400 billion contracts are hanging there; just one piece of news could trigger a liquidation. It's stimulating, but my wallet can't handle it. --- I'll buy in again if it drops below 3000. Entering now makes me the bagholder. --- RSI has been in the weak zone for so long, which shows that no one is willing to buy. --- Why is spot ETF still running? Big players are bearish, yet retail investors keep throwing money in. --- Just look at 2900; all rebounds are scams.

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