Ethereum currently faces uncertainty in the market. The 3300 level provides support, but whether it can hold depends on subsequent developments. Historically, Black Friday often results in black swan events; while not a direct trading basis, it is indeed worth being cautious.
The current upward momentum has slowed, which is normal—after several days of rallying, a pause is typical. The key is whether the 3400 level can be broken. If it cannot, a correction is highly likely in the next half month. But before confirming a decline, the price must first break below around 3260 to truly turn bearish. From this perspective, short positions offer a better risk-reward ratio.
It’s important to note that Ethereum may repeatedly test the resistance level at 3385 on the 4-hour chart from last night. Short-term trading should not be too aggressive; 3340 is the maximum stop-loss level—this line must be maintained. If the stop-loss is hit, and the price then rises again, continue to set up short positions. But avoid going long near 3400 against the trend, as the risk is too high; such trades are not worthwhile.
Overall, today’s strategy is to maintain a view of potential pullback. Leaving a 30-point profit margin on short positions is sufficient.
I will discuss detailed strategies in the chat room.
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.
14 Likes
Reward
14
4
Repost
Share
Comment
0/400
MetaMisfit
· 5h ago
Holding 3340 is a bearish signal; I bet Black Friday will bring some drops.
View OriginalReply0
PessimisticOracle
· 5h ago
If you can't hold 3340, just wait to be cut off. Black Friday really loves to stir up trouble.
View OriginalReply0
VitalikFanboy42
· 5h ago
3340, if it doesn't break, I'll continue shorting. This analyst is spot on; Black Friday definitely requires caution.
View OriginalReply0
MetaNeighbor
· 5h ago
If 3340 doesn't break, short positions are still good. Just don't be greedy.
#数字资产市场动态 $ETH
Ethereum currently faces uncertainty in the market. The 3300 level provides support, but whether it can hold depends on subsequent developments. Historically, Black Friday often results in black swan events; while not a direct trading basis, it is indeed worth being cautious.
The current upward momentum has slowed, which is normal—after several days of rallying, a pause is typical. The key is whether the 3400 level can be broken. If it cannot, a correction is highly likely in the next half month. But before confirming a decline, the price must first break below around 3260 to truly turn bearish. From this perspective, short positions offer a better risk-reward ratio.
It’s important to note that Ethereum may repeatedly test the resistance level at 3385 on the 4-hour chart from last night. Short-term trading should not be too aggressive; 3340 is the maximum stop-loss level—this line must be maintained. If the stop-loss is hit, and the price then rises again, continue to set up short positions. But avoid going long near 3400 against the trend, as the risk is too high; such trades are not worthwhile.
Overall, today’s strategy is to maintain a view of potential pullback. Leaving a 30-point profit margin on short positions is sufficient.
I will discuss detailed strategies in the chat room.