Year-end is here, many people are taking vacations in advance, and traders are mostly offline. Market liquidity is indeed a bit sluggish. In that case, why not relax and enjoy the holiday? Happy New Year!
However, you still need to watch the market. From a technical perspective, the situation is quite clear:
**In the short term**, Ethereum is oscillating between 2960 and 3010, with average volume and little fluctuation. Consider this range as a consolidation zone.
**On the medium level**, the key is to hold the 2900 line. As long as 2900 holds steady, there’s still a chance to continue with a bullish outlook; but if it starts to weaken around 3050, you might want to consider a bearish opportunity.
**The weekly chart remains** the main focus. 2750 is an important support for the bulls; continue with the bullish mindset. If it breaks below 2890, it’s time to switch to a bearish stance.
**Looking at Bitcoin**, consider entering long positions around 8.65. If it starts to weaken near 9, a bearish signal will appear. The overall logic is quite similar to Ethereum.
When liquidity gaps occur, the market often experiences unexpected volatility. Just manage your risk properly.
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LiquidatedThrice
· 5h ago
When liquidity is poor, it's easiest to get caught off guard by black swan events. If 2900 can't hold, I'll just give up and relax.
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SchrodingerWallet
· 16h ago
Low liquidity at the end of the year makes it easy to crash the market; we still need to be cautious this time.
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AirdropNinja
· 16h ago
Alright, I understand taking it easy at the end of the year, but we really need to be careful with this liquidity gap. If it breaks 2900, it's game over.
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StableGenius
· 16h ago
lol this is just support/resistance roulette dressed up as "technical analysis" tbh... everyone already knows 2900 matters, that's literally why it matters. empirically speaking, these levels move when liquidity vanishes anyway so gl with that 🤷
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rekt_but_not_broke
· 16h ago
Haha, liquidity dries up at the end of the year, and this is when it's easiest to be dumped on.
Holding the 2900 line at all costs, or else it's really time to admit defeat.
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staking_gramps
· 16h ago
Liquidity gaps tend to cause volatility; this end-of-year period indeed requires caution.
Holding the 2900 level is crucial; if it breaks, the mindset really needs to flip.
Entering long positions at 8.65 feels a bit early; let's wait and see.
Happy New Year, by the way, but still keep an eye on the market.
If it drops below 2750, I'll exit; at this point, I don't want to take risks.
Year-end is here, many people are taking vacations in advance, and traders are mostly offline. Market liquidity is indeed a bit sluggish. In that case, why not relax and enjoy the holiday? Happy New Year!
However, you still need to watch the market. From a technical perspective, the situation is quite clear:
**In the short term**, Ethereum is oscillating between 2960 and 3010, with average volume and little fluctuation. Consider this range as a consolidation zone.
**On the medium level**, the key is to hold the 2900 line. As long as 2900 holds steady, there’s still a chance to continue with a bullish outlook; but if it starts to weaken around 3050, you might want to consider a bearish opportunity.
**The weekly chart remains** the main focus. 2750 is an important support for the bulls; continue with the bullish mindset. If it breaks below 2890, it’s time to switch to a bearish stance.
**Looking at Bitcoin**, consider entering long positions around 8.65. If it starts to weaken near 9, a bearish signal will appear. The overall logic is quite similar to Ethereum.
When liquidity gaps occur, the market often experiences unexpected volatility. Just manage your risk properly.