Ethereum is currently in a range-bound oscillation, with the 3050 level acting as resistance above and support at 2880 below.



From a technical perspective, the area between 2910 and 2880 is a good entry point for bulls, with a stop-loss set below 2860. This approach remains valid today, and I still favor a low-buying strategy.

Here’s an interesting phenomenon to consider — once retail investors become accustomed to buying at high points, the market often performs a reverse operation, directly pushing prices up to wipe out those short positions. Therefore, this accumulation phase might actually be a prelude to a major rally.
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OnlyOnMainnetvip
· 3h ago
Haha, retail investors are going to get reversed again. This time, just wait to be cut.
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ProofOfNothingvip
· 3h ago
This wave of entering at 2880-2910 is indeed tempting, but I feel like it's another trap... When retail investors rush in en masse, it should be a sign to go the opposite way.
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SigmaValidatorvip
· 3h ago
2880 this level indeed needs attention, but retail investors being tricked again and again is a common story. --- The idea of going long sounds good, but I'm just worried it’s another pattern of suppressing a wave before pushing higher. --- Really, once everyone turns bearish, a sudden surge can come out of nowhere, and this market is crazy. --- If 2860 breaks, we have to admit defeat; this stop-loss level is quite reasonable. --- Talking about building momentum sounds nice, but in reality, it’s just waiting for big funds to decide the direction, right? --- I’ve seen many retail investors get caught in high short positions and then get wiped out, so now at this level, it’s better to be a bit greedy. --- With such obvious resistance at 3050, how fierce can the breakout be? --- Range-bound oscillation is the most annoying, getting cut up and down; better to wait for a clear direction.
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TxFailedvip
· 3h ago
nah the "market psych reversal" angle is actually spot on... learned this the hard way back in '21 when everyone was bearish and boom, got liquidated anyway. technically speaking tho, 2880-2910 zone is defensible but tbh those stop losses at 2860 give me wallet pain vibes—seen too many wicks take em out
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