2026-01-16 07:20:32

Yesterday, after a rapid rally, Ethereum has now entered a phase of repeated fluctuations at high levels. The previous attempts to push higher have hit a wall, but during declines, there hasn't been significant selling volume, and there are still buyers accumulating at the bottom. From a technical structure perspective, the trend has shifted from a unilateral rise to high-level range-bound oscillation, indicating an unclear direction for the time being.

The position of the BOLL channel is very critical—upper band around 3375, middle band at 3322, lower band at 3268. Recently, after a quick surge, the channel has started to flatten out, and the price has been oscillating within the channel, suggesting that the previous strong move has been exhausted, and now it’s a process of digestion. Currently, the price is repeatedly testing around the middle band, with no sustained volume pushing it higher above, and structural support below, typical of a high-level correction and consolidation. In this situation, chasing the high is a big taboo.

The MACD shows the red bars shrinking, and the fast and slow lines are flattening, indicating that the bullish momentum is weakening. But don’t get it wrong—this isn’t a bearish dominance structure; it looks more like bulls are consolidating and digesting gains. Short-term, there will still be fluctuations, and the rhythm is essentially range trading.

**Bullish Strategy** (wait for pullback)
Entry zone: 3260 to 3235
Target zone: 3340 to 3380
Stop loss: below 3210

**Bearish Strategy** (wait for rebound and resistance)
Entry zone: 3380 to 3405
Target zone: 3320 to 3260
Stop loss: above 3430

Currently, don’t think about chasing highs or selling lows; it’s high-level consolidation and range-bound trading. Long positions should wait for a confirmed support on the pullback before entering, and short positions should wait for a confirmed resistance on the rebound before acting. Stop losses must be strictly enforced. First, follow the sideways market, and only follow the trend once a clear direction emerges.

ETH-0,29%

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LightningAllInHero

· 19h ago

High-level oscillation is just repeatedly cutting leeks. Let's see if it can drop to 3235 before buying in again.

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SleepTrader

· 19h ago

It's that awkward high-level fluctuation again. I hate this kind of market... Wait for a pullback before jumping in. Those chasing the high will just get trapped.

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OldLeekNewSickle

· 19h ago

Chasing high levels is just the night before cutting leeks. I bet 5 yuan that the next wave will definitely break through 3210. Wait, isn't this the classic routine of a Ponzi scheme? First pump, then shake, then cut. The rhythm is tightly controlled. Everyone chasing the rally now is a bagholder. I'm a seasoned leek, won't be fooled again... That said, I still want to get on board haha. I've already marked the 3260 level, but I dare not press it, afraid of getting trapped. The rhetoric sounds professional, but I'm tired of this chart. One side shows BOLL, the other MACD, and in the end, it all depends on the project team's mood. Range trading sounds nice, but in reality, it's just waiting for a chance to cut, right? I just want to know, the people who explain everything so meticulously, have they already gone all-in?

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gas_fee_therapist

· 20h ago

Repeatedly pulling at high levels, this market trend is really disgusting. It spikes up and then crashes, crashes and then some people buy again, it's all about mentality. Wait for a pullback before acting, don't chase the rally. It's another range-bound game, so annoying to deal with this stagnant market. BOLL is flattening out, the bulls are losing momentum, so you have to be patient and wait for opportunities. Buy longs around 3260, be more cautious, don't be too greedy. The midline keeps fluctuating, this is just the rhythm of shaking out the weak hands. Honestly, everyone currently buying is just gambling; wait it out. Playing around at high levels like this, stop-loss must be strictly maintained, one careless move and you'll get cut.

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