2025-12-26 09:21:40

Ethereum has been oscillating back and forth between $3000 and $2900 recently, unable to stabilize. At this pace, weak rebounds have become the norm, and the probability of breaking below the range in the future is quite high.

In the short term, there are still opportunities for short positions at high levels. Looking at the current market trend, the bulls lack upward momentum, and once they face resistance and move downward, a short squeeze scenario is hard to avoid. This process may be accompanied by increased volatility, especially during evening hours when trading volume usually rises significantly.

Overall, I am bearish on Ethereum's near-term trend. The oscillation range has been repeatedly tested but without a decisive breakout, which often signals an impending sharp decline. If you're interested in this analysis, you can continue to follow the subsequent market developments.

ETH1.36%

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MEVSandwich

· 2h ago

This wave of 2900-3000 repeated attack and defense seems a bit weak, I agree with the short-selling approach. Tonight's the time to cut the leeks; when trading volume picks up, it's easy to break support. Weak breakout is a sign of trouble; just wait to reap the benefits. Getting trapped again, the bulls really can't hold on. Why is the critical level of 3000 still hesitating? It should have dropped already.

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TommyTeacher1

· 2h ago

Honestly, this wave of Ethereum is really annoying, constantly messing around there, it's exhausting to watch. The short-selling opportunity is indeed good, it all depends on who can keep their composure. When the trading volume picks up tonight, be a bit cautious.

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ImpermanentLossFan

· 2h ago

To be honest, this wave of Ethereum's performance is indeed a bit disappointing... --- It's another trapped situation, so be extra careful tonight... --- If it can't break 3000, we need to consider moving down. This signal still needs to be taken seriously. --- Short positions indeed have a chance; it all depends on who can hold on to the bottom. --- Repeated testing and lack of breakthrough—I'm very familiar with this pattern; it's definitely a sign of a sell-off. --- The bulls are really losing momentum; this time, quite a few people might be washed out.

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BlockchainGriller

· 2h ago

Hmm... This wave around 3000 really isn't exciting, it feels like the bulls are truly exhausted. Brothers holding long positions, stay strong, be cautious of volatility tonight. Once the breakdown becomes a trend, it won't be so gentle anymore. I'm confident in your short position logic; this indeed seems like a sign before a bear market. Damn, I feel like I'm about to get trapped again. Why do recent rebounds feel so weak? Life is tough.

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WalletAnxietyPatient

· 2h ago

Hmm... This wave of Ethereum really isn't exciting, constantly being pulled back and forth between these two numbers. Those who are shorting must be miserable. It does seem like a breakout is imminent, but I'm still a bit afraid of chasing high on short positions... If there's a surge in volume tonight, you're right.

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SleepyArbCat

· 2h ago

Hmm... This wave of Ethereum is just dithering there, looking sleepy. But I realize the probability of breaking below isn't small. The volume picked up during the evening could easily lead to a big move, so I have to stay alert.

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