Looking at ETH's recent trend, the weekly level at 3350 faces quite a bit of resistance. It was previously a resistance level, but after the top and bottom flipped, it has become support. The support below is around 3170.
From the 4-hour and daily chart perspectives, the area around 3300 is basically the intraday top zone, and the daily K-line shows obvious overbought signs. In the short term, this level indeed warrants caution for a pullback risk.
Operationally, the suggestion is to gradually establish short positions within the 3270 to 3300 range, without entering all at once. Setting the target between 3170 and 3100 is more reasonable, providing sufficient profit potential without being overly greedy. Of course, actual trading should also consider your risk tolerance and position management strategy.
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LiquidatedTwice
· 01-08 23:48
It's the same old story. If 3300 was going to be broken, it would have been broken already. Stop scaring people all day long.
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BrokenYield
· 01-08 23:04
3350 resistance turning support? yeah sure, until it doesn't. seen this movie before during the 2018 crash
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SellTheBounce
· 01-07 07:53
3300 is a rebound sell now, don't be greedy. History tells us there are always lower points waiting for you, be patient.
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RektRecorder
· 01-07 07:35
The 3300 level is indeed a bit risky. Last time, I said there would be a pullback, but it still went up. It's really scary.
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DegenMcsleepless
· 01-07 07:35
I've been waiting for this 3300 level for a long time. The overbought signal is so obvious.
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airdrop_huntress
· 01-07 07:34
I'm also watching the 3300 level; it feels like this wave is indeed a bit uncertain.
Looking at ETH's recent trend, the weekly level at 3350 faces quite a bit of resistance. It was previously a resistance level, but after the top and bottom flipped, it has become support. The support below is around 3170.
From the 4-hour and daily chart perspectives, the area around 3300 is basically the intraday top zone, and the daily K-line shows obvious overbought signs. In the short term, this level indeed warrants caution for a pullback risk.
Operationally, the suggestion is to gradually establish short positions within the 3270 to 3300 range, without entering all at once. Setting the target between 3170 and 3100 is more reasonable, providing sufficient profit potential without being overly greedy. Of course, actual trading should also consider your risk tolerance and position management strategy.