2026-01-20 03:27:45

Ethereum did not stabilize after breaking through 3400, encountering resistance at high levels and then falling back. It subsequently entered a phase of oscillating downward. From the four-hour chart, the bearish momentum is gradually dissipating, and the short-term structure is clearly weak. Currently, the price is consolidating near the lower band, and the rebound strength remains limited.

From a trading perspective, it is still advisable to maintain a high-level short position strategy. The key is to watch the 3200-3220 range. Once there is a rebound opportunity to this area, it would be an ideal entry point for a short position. Looking downward, targets can be set around 3150-3100.

Moving forward, continuous observation is needed to see if the price can effectively hold above the lower band support. If it cannot, the risk of further decline still exists.

ETH2.95%

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DeFi_Dad_Jokes

· 01-22 19:55

3400 can't hold, this crappy position is really awkward... I'll wait for a shorting opportunity around 3200, anyway this market is just frustrating.

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LowCapGemHunter

· 01-22 12:14

You didn't hold this level at 3400, I said it wouldn't go up that quickly. Right now, the pace is just slowly grinding down. The short position this wave is indeed a bit fierce.

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FantasyGuardian

· 01-22 09:52

The 3400 level wasn't held. Now, it's just waiting for a rebound to 3200 to short, I feel like it won't be able to breathe until it drops to 3100.

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GmGnSleeper

· 01-20 03:57

Coming back with this again? Can't even hold 3400. I'll just say it, it's good if the bears can push down to 3100. The key is whether it can really break below the lower band.

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OnchainFortuneTeller

· 01-20 03:57

Can't even hold 3400? It looks like this time we're really going to test lower, I'm also waiting at 3200.

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MEVHunterWang

· 01-20 03:53

We really didn't hold this level at 3400; it was obvious that the bears were about to strike a long time ago.

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ColdWalletGuardian

· 01-20 03:52

Can't even hold 3400, this wave is just a false breakout. The bears keep grinding, let's see if they can punch through 3200 with this shot.