Ethereum daily chart remains in a state of repeated oscillation. The price has bounced multiple times near the parallel support level and is currently running along the lower boundary of the white trend line. The next direction is clear: if it can effectively break above the blue trend line, there is a chance for a rebound in the bulls; conversely, if it continues to hold below the blue lower boundary, be prepared for the possibility of another decline.
The key on the 4-hour cycle is the break of the white trend line. Once broken, the short position logic remains valid. At this point, the support retest requires close attention to the strength of the resistance above.
The 15-minute perspective shows that the price is being continuously suppressed by the blue trend line, moving downward along the upper boundary. For the short position held near 2985 yesterday, it is currently recommended to move the stop-loss to a safer position and continue holding. If the price breaks below this level from yesterday, there is still enough room for further decline below.
⚠ Trading Tip: Do not open a position without a stop-loss; this is an iron law.
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RunWhenCut
· 9h ago
Still fluctuating, this blue line resistance just won't break. Let's wait and see if it breaks or not.
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AirdropHunterKing
· 12-27 08:49
Bro, this market trend is just like when I was grabbing opportunities last year. I need to hold the stop-loss line, or else a single all-in could send me back to farming.
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ser_we_are_early
· 12-27 08:47
Still oscillating? I'm already tired of this routine. Either break or don't break, stop drawing lines and fooling around all day.
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HashRateHermit
· 12-27 08:30
Still shaking there repeatedly, this market must have "repetition syndrome," I really can't wait any longer.
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Breaking the level is just breaking the level, anyway my short position is already stable, just waiting to see how deep it can drop below.
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Stop-loss is not an option, it's a necessity. Without it, I really can't survive.
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Missing the chance to get in at 2985 is a bit regretful. Now it feels a bit late to enter.
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Looking at three lines together gives me a headache. I just want to know if it's a rebound or a continued decline, can't we keep it simple?
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The resistance is too strong. This blue trend line hasn't given the bulls any chance. It feels like the bulls are hanging by a thread this time.
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As soon as the white line breaks, I will close immediately. I don't play that "see what happens" heartbeat game.
Ethereum daily chart remains in a state of repeated oscillation. The price has bounced multiple times near the parallel support level and is currently running along the lower boundary of the white trend line. The next direction is clear: if it can effectively break above the blue trend line, there is a chance for a rebound in the bulls; conversely, if it continues to hold below the blue lower boundary, be prepared for the possibility of another decline.
The key on the 4-hour cycle is the break of the white trend line. Once broken, the short position logic remains valid. At this point, the support retest requires close attention to the strength of the resistance above.
The 15-minute perspective shows that the price is being continuously suppressed by the blue trend line, moving downward along the upper boundary. For the short position held near 2985 yesterday, it is currently recommended to move the stop-loss to a safer position and continue holding. If the price breaks below this level from yesterday, there is still enough room for further decline below.
⚠ Trading Tip: Do not open a position without a stop-loss; this is an iron law.