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From a technical perspective, the rebound on December 11th is already showing signs of weakness. The price has fallen from the highs and is now stuck at a key support level. Going short immediately is quite risky. A smarter approach is to wait for the rebound to reach resistance before entering short positions.
**Shorting opportunity here**
In the 3260-3280 range, why is this area so critical? Because after the price broke below the previous 3330 consolidation zone, this area has become a necessary retracement level. To be more straightforward, the middle band of the Bollinger Bands is at 3231, and the upper band is at 3318. This range is a reasonable target for the rebound.
How to operate specifically? Place partial short orders around 3270. Set stop-loss above 3330, for example at 3340—this is a key level where prior support turned into resistance.
How to set targets? The first target is around 3165 (near the previous low), and the second target is the lower Bollinger Band at 3143. If that level breaks too, then 3100 and below are in sight.
**A more aggressive plan**
If the rebound lacks momentum and fails to reach the above zones, instead being suppressed near the middle Bollinger Band at 3230, forming long upper wicks or bearish engulfing candles, consider a small short position here. But stop-loss must be tight, placed above 3250.
Going further down, if the price directly breaks below 3143 and continues to weaken, small shorts are viable, with stop-loss moved up to above 3165.
Conversely, if $ETH shows strong rebound and breaks above 3330 while stabilizing, the bearish idea should be paused, and wait for reassessment.
**If you insist on going long**
A safer opportunity on the right side: patiently wait for the price to break above and stabilize at 3231, then look for a pullback confirmation. Enter long around 3220-3225. Stop-loss at 3210, with a target of 3280.
On the left side, a high-risk approach: if the price touches 3160 and a bullish reversal pattern appears on the 5-minute chart, try a small long. Stop-loss at 3138, target 3230.
Honestly, the current market is still in a correction phase dominated by bears. Going long requires more patience, and confirmation signals need to be more rigorous.
#美联储降息 Keep an eye on the trend as well. Adjust your entry points flexibly based on your position size and risk tolerance.
ETH's recent rebound indeed lacks strength; it still feels like it's dithering.
I'll need to watch the 3270 level again; not in a rush to enter.
How long do you think this correction will last?
Setting a stop loss at 3340 is actually quite risky.
This technical analysis is pretty good, but sometimes the market doesn't follow the usual patterns.
The bears have been suppressing for so long; a rebound is inevitable.
Below 3100? That's a bit too pessimistic.
The Bollinger Bands in this range work pretty well for me, but my execution could be better.
Wait, can breaking 3143 really directly hit 3100? It feels a bit aggressive.
If the rebound lacks strength, the midline can indeed be tested, but don’t be too heavy-handed.
During this correction phase, be patient and wait for the rebound to go up before shorting; it sounds more reliable.
Bitcoin also needs to be watched closely, or the probability of getting trapped is pretty high.
Wait, does this guy really believe ETH can drop to 3100? I don't think so.
Weak rebound? I think it's just a pure technical overinterpretation.
Every time, they say the risk is high and to scale in gradually, but they still lack confidence.
Once 3330 stabilizes, the approach needs to change; that part is indeed correct.
It's the same old story, every time they say 3230 is support, and then it breaks...
ETH this wave is really disappointing, feels like it will continue to decline.
Is the stop-loss at 3340 or 3330? These small details make a difference.
Attempting long on the left side? Bro, that's just seeking trouble.
I just want to know when BTC will catch up with the rhythm.
If 3165 breaks, what should we do? Is 3143 the next target?
This short-term strategy does seem reliable; it just depends on whether we can hold 3280.
Rebounds are so weak, it feels like it could break below 3100 at any time.
I don't believe in going long at 3220, history always repeats itself.
3270 is indeed a sniper point, but I still prefer to wait and see.
Honestly, I never participate in shorting during this kind of market; I've cut losses too many times.
I've played with Bollinger Bands before, but it's not particularly reliable.
Below 3100 is truly cheap; it's a bit early to short now.
Forget it, I'll just wait and see. I'll decide how to act depending on how BTC moves.
The rebound is indeed weak, but I won't act until the bottom is confirmed.
This market is really annoying; it's easy to get trapped.
I've marked the 3230 level; I'll wait for a signal before making a move.
Shorting looks good, but I believe the bottom will come again.
Even with tight stop-losses, I'm still afraid of a breakout; the risk is too high.
Wait for the rebound to hit resistance before taking action. This wave really isn’t very hot.
3330 is truly a tricky level, always getting pulled back and forth there. So annoying.
The whole market is just grinding people down. Whether going long or short, you’re just gambling with luck.
Instead of playing these numbers, might as well just hodl.
The middle band of the Bollinger Bands feels much more complicated than what analysts say.
Hmm, should I try a small position with an aggressive plan this time... Nah, not today, my luck is bad.
Stop-loss must be tight. That’s a painful lesson I’ve learned, brothers.
The bears are really fierce this wave. I’ve already laid back to watch.
BTC also needs to be watched closely, move for move. That’s just how this market is.