2026-01-08 09:20:14

Recently, negative news about Ethereum has sparked quite a bit of discussion in the community. While it may put short-term pressure on the price, from a technical and long-term perspective, I remain quite optimistic about ETH's trajectory.

Currently, ETH is priced at $3128.22, with an RSI indicator at 41.4, clearly in the oversold zone. This technical characteristic often indicates limited downside potential. Looking at the candlestick trend, ETH is undergoing a pullback and consolidation, currently hovering near the support level of $3065.66, with resistance at $3190.78 and a key breakout level at $3175.14.

In the short term, news impacts may continue to exert pressure, but if the price can hold above the $3065.66 support line, the probability of a subsequent rebound is quite promising. Markets often brew opportunities when pessimism is at its peak. From my trading perspective, this is a zone worth considering for positioning.

My approach is as follows: staggered entries around $3065.66, with a stop-loss around $3000, and an initial target of $3190.78. If the price can effectively break through $3175.14, consider adding to the position and riding the momentum upward.

The key is to stay calm and not be led astray by short-term fluctuations. This tests patience and mindset. What does everyone think about this market?

📊 Technical parameters reference
• Support: $3065.66
• Resistance: $3190.78
• Breakout point: $3175.14

ETH-0,6%

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.

13 Likes

Reward
13
8
Repost
Share

Comment

0/400

DegenMcsleepless

· 01-11 07:36

Oversold rebound is solid, wait for a break above 3175 to go all in.

View OriginalReply0

StakeTillRetire

· 01-09 03:12

The classic pattern of oversold rebound, betting on whether 3065 will hold or not

View OriginalReply0

PumpDoctrine

· 01-08 09:48

Overselling is still testing the bottom. If it can't hold above 3065, it might have to cut losses.

View OriginalReply0

NullWhisperer

· 01-08 09:46

nah, technically speaking... that $3065 support is interesting, but let's dissect the actual vulnerability here — what if the "oversold" narrative itself is the exploitable vector? seen this pattern before, audit findings suggest it's way more fragile than RSI suggests.

Reply0

GasWaster

· 01-08 09:45

ngl watched my failed txs at 3128 and now i'm just... sitting here refreshing the gas tracker like some kind of addict lmao. classic me move honestly

Reply0

MEVVictimAlliance

· 01-08 09:44

3065 is indeed a good sniping point, it all depends on whether we can hold it. --- Honestly, this wave of negative news is just so-so; I've seen worse and still made it through. --- RSI41 oversold, if it rebounds, it would be so satisfying. Missing the rebound would be a regret. --- Let's wait until it breaks 3175 before talking about a rebound. It's still early to discuss a bounce now. --- It's easy to say mindset is important, but when it comes to cutting losses, you'll realize how difficult it really is haha. --- Gradual positioning is indeed a good approach, but I still want to see if it can break below 3065 first. --- Every time it's said that the most pessimistic moments are opportunities, but what actually happens... it's mostly more decline. --- 3190 is a pretty strong resistance; it's easy to go up but quick to come down. --- Is a rebound likely? Bro, I've heard this phrase so much in the crypto circle that I'm tired of it. In the end, most rebounds turn into a trap for the latecomers. --- Holding onto 3065 is the key; if it breaks, then we need to reassess the entire situation.

View OriginalReply0

CounterIndicator

· 01-08 09:42

Another bunch of negative news, the old routine again. Every time, they scare retail investors like this. I just want to see how the bears break through this line.

View OriginalReply0

AirdropDreamBreaker