January 22, 2026

The second pancake initially touched a low of 2864.29 before rapidly rising. Currently, it is consolidating around 3015, and overall, it is in the repair stage after a V-shaped rebound.
From a technical perspective, it has successfully broken above the short-term moving averages and is close to the medium-term moving averages, indicating that the short-term bullish momentum is strong and the rebound energy is still continuing. The KDJ indicator has not shown a clear death cross, suggesting that the bullish momentum has not fully exhausted. The MACD indicator has formed a golden cross, with the red bars continuing to expand, indicating a clear short-term rebound trend and that the bulls are in control.
Trading suggestion: Consider entering long positions with a small amount when retracing to the 3000-3005 range, with a stop loss below 2980. Target levels are around 3046, 3080, and 3110.
The above is only personal advice for reference. Please follow Jing Sheng Shi Pan's layout for specific strategies. #ETH