2026-01-08 07:34:10

On January 8th, Ethereum followed the market correction, breaking below $3,200 and then declining to around $3,124 before stabilizing. The 24-hour decline was approximately 4%, with short-term selling pressure mainly coming from profit-taking after the previous rally.

This wave of correction is actually quite normal—after a rapid increase, some investors want to lock in profits. But interestingly, institutions haven't been scared off; they still remain optimistic about Ethereum's long-term value. Plus, the positive effects of network upgrades are supporting the market, so there is still momentum for a short-term rebound.

The next focus is on the $3,100 level. Whether this support can hold will determine if the market continues to fluctuate or if a new trend emerges. Based on the current situation, it is likely that the price will oscillate within a certain range in the short term, unlikely to skyrocket immediately or plummet sharply. Ultimately, it still depends on the overall performance of the broader market.

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TommyTeacher1

· 18h ago

Institutions haven't run away, which indicates the real issue—whether 3100 can hold or not is the key. --- It's the same old story of profit-taking and fleeing... we'll see how far the rebound can go later. --- I think it's not very meaningful to be stuck on the current price level now; it's mainly about how Bitcoin's sentiment looks. --- Playing within the oscillation range—only fools chase high. --- Network upgrade benefits need to be implemented; just talking about it is useless. --- If 3200 breaks, it will keep going down; stopping at 3124 is lucky... The judgment of a range-bound oscillation is still prudent. --- I agree that institutions haven't been scared away, indicating the long-term logic is still there. --- Waiting for a rebound to see; it's not worth chasing now.

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ImpermanentTherapist

· 01-09 12:10

If I can't hold 3100, I'll cut my losses and sell, tired of hearing it It's normal for profit-taking to escape, but institutions are still accumulating, what does that mean? I've heard this talk about oscillation ranges too many times; still, we have to watch the market sentiment Once it breaks 3200, panic sets in, but it turns out institutions are bottom-fishing. I missed this wave Is the network upgrade a good thing? Feels like they say that every time, and then it still falls

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OPsychology

· 01-09 05:51

The institutions haven't run away, which means there's still hope. It all depends on whether we can hold 3100. --- It's the same old trick of selling off to lock in profits; every time it's the same routine. --- Is the network upgrade a positive? Why does it seem like the market isn't reacting much? --- Breaking 3100 is the real panic point. Currently, the volatility is just normal operation. --- I'm relieved when institutions scoop the bottom; at least it won't go straight to zero haha. --- The rapid rise and fall suggest we need to be patient and wait for the correction to end. --- Basically, it's a gamble around 3100. If you bet right, you'll see a rebound; if wrong, it continues to fall. --- This dip actually provided quite a few opportunities for low-cost buying. It all depends on who dares to scoop the bottom. --- The benefit of the network upgrade depends on whether it can be realized later; just talking about it isn't enough. --- If the market isn't stable, no matter how much support there is, it won't help. That's the key.

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MetaReckt

· 01-09 05:49

The 3100 level is really critical; breaking it would be disastrous. Institutions are still bottom-fishing, what does that indicate? Retail investors have already left, haha. The pullback is normal; what I'm really worried about is the lack of momentum for a rebound afterward. It's another day of watching the market's mood, so annoying. How long can the upgrade positive news support the market? That's a question mark. Instead of guessing whether 3100 will hold, it's better to wait for Bitcoin to set the tone. This wave of profit-taking is indeed fierce; I also want to sell.

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LiquidityHunter

· 01-08 08:03

Institutions haven't run away, so I won't panic. There's only about 3100 points of room, so it's normal to consolidate for a few days. Honestly, it still depends on the overall market sentiment; Ethereum's own statements don't carry all the weight. Profit-taking selling is annoying, but isn't this just an opportunity to accumulate... Whether 3100 breaks or not is the real game-changer; I bet it can hold. Waiting for a network upgrade positive news, a rebound is no problem. Don't be too pessimistic, everyone.

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OneBlockAtATime

· 01-08 08:01

Will the $3100 hold or not, that's the real question --- What does it mean that institutions are still bottom-fishing? We retail investors need to keep up --- It's either profit-taking or network upgrades, after all this talk, just two words—waiting --- This wave of correction isn't really scary, the key is not to fall below 3100 --- Talking about range-bound oscillation every day, might as well just tell me when it will take off --- I'm relieved that institutions haven't been scared away, at least the overall direction is fine --- Those who have taken profits, get ready to regret --- 3124 has held, there shouldn't be any big pits below, right? --- Short-term rebound momentum exists, I love hearing that --- It still depends on the market's mood, back to the same old story --- The rapid rise earlier definitely needed adjustment, it's healthy --- Breaking through this 3100 barrier is the real problem, but it's still early

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MidnightMEVeater

· 01-08 07:53

Good morning, night creatures. The 3100 level is truly an excellent sandwich position; both bulls and bears are setting traps here. Did the institutions get scared away? Laughable. They've already gobbled up the retail profit-taking in the dark pool, and now they’re claiming long-term optimism. Don’t be fooled by the positive news about network upgrades. Such expectations are already priced in; the key is whether the liquidity trap is deep enough. After breaking 3100, just wait and see how midnight arbitrage bots harvest the stop-loss set by those chives. So boring, another range-bound script. The time cost is just too high.

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TokenTaxonomist

· 01-08 07:53

nah, 3100 is just noise — institutions aren't moving on sentiment, statistically speaking. let me pull up my spreadsheet...

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PensionDestroyer

· 01-08 07:50

If we can't hold 3100, we should be mentally prepared. Institutions are still buying, so I'm not that worried; overall, it's a long-term bullish trend. Profit-taking is happening again; we've seen this routine several times. Breaking 3100 is not the end of the world; it depends on how the market handles it. When prices rise too quickly, some people will take profits—that's normal. Network upgrades are the main focus; don't be scared by short-term fluctuations. If it swings back and forth, let it swing; I won't sell anyway. 3100 is a line; only after passing it will we understand what happens next. Institutions haven't run away, indicating the long-term logic hasn't changed; this dip is nothing.

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MindsetExpander

· 01-08 07:48

Institutions are still accumulating, indicating no long-term issues, but short-term patience is needed. If 3100 can't hold, I'll cut it; I don't want to be trapped again. Why is it always about watching the market performance? This is said every time, and there's really no certainty. This wave of decline isn't enough; retail investors haven't cut much blood, and the rebound is probably just another smash. All the positive upgrades have been used up, and we're only seeing oscillations; it feels like the momentum is lacking.

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