2026-01-23 00:00:25

#数字资产市场动态 Ethereum Daily Chart Trend Observation

After a period of rapid decline, the price has now entered a phase of repeated testing at low levels. The overall trend revolves around key support levels, with oscillations gradually converging—this is a crucial signal, indicating that the bulls and bears have temporarily reached a certain balance in this price range.

From the Bollinger Bands perspective, the entire channel has flattened, and the distance between the upper and lower bands continues to narrow. This usually indicates that the market is brewing a directional choice—the next breakout direction will be very important.

Short-term trading strategy: Focus on rebound setups around the key supports at 2920 and 2890. The first target is around 3060. If this level can be effectively broken, the next potential target could be 3190.

Pay close attention to $BTC $ETH $SOL's correlation performance, especially how Bitcoin's movement will significantly influence Ethereum's direction.

The market is currently in a consolidation phase; patiently waiting for a breakout signal will be more prudent.

ETH1.61%

BTC1.91%

SOL0.44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
8
Repost
Share

Comment

0/400

BlockchainDecoder

· 01-25 09:34

From a technical perspective, the narrowing of the Bollinger Bands is indeed a signal worth paying attention to, but I have to say—there are many analyses claiming a "consolidation period" right now, and few can accurately grasp the breakout direction. Data shows that this kind of oscillation pattern usually indicates a unilateral move, but who knows whether it will go up or down? A sudden drop in BTC would make all predictions meaningless. Overall, the logic behind the support levels at 2920 and 2890 still seems reliable, but I suggest everyone not to be too superstitious about a single indicator—there are too many cases in history where Bollinger Bands "faked out." The key is patience; wait for a volume breakout before jumping in, and avoid chasing the high.

View OriginalReply0

HashBandit

· 01-25 01:06

ngl the bollinger squeeze is giving me mining flashbacks... back in my mining days we'd see this exact pattern right before the network difficulty shot up and ruined everything. anyway, those 2890-2920 support levels better hold or i'm literally selling everything and buying solar panels instead lol

Reply0

consensus_whisperer

· 01-23 19:45

It's another accumulation phase, and I'm tired of hearing this rhetoric... But that 2890 level is indeed interesting; it really depends on BTC's mood.

View OriginalReply0

TokenomicsDetective

· 01-23 00:22

The talk about Bollinger Bands flattening has been heard too many times. Every time, it's said that a surge is coming, followed by a sharp drop. I really can't hold on anymore...

View OriginalReply0

SerumSquirrel

· 01-23 00:15

It's just a buildup phase, anyway I've already cut my losses and exited. Now I'm just waiting to see if BTC can give a directional signal, otherwise it's too uncomfortable to be stuck in this consolidation.

View OriginalReply0

DegenTherapist

· 01-23 00:13

It's another buildup, but it hasn't blossomed yet... I don't trust you on the crucial support at 2890, last time I said that it directly broke down.

View OriginalReply0

MissedAirdropBro

· 01-23 00:12

Still waiting, I can't tell if this wave is going up or down... But the 2890 level is definitely worth paying attention to.

View OriginalReply0

CoffeeNFTrader

· 01-23 00:04

It feels like this barrier at 2890 is about to break. Every move of Bitcoin affects the overall situation. Can we hold steady and see BTC's reaction?