1-27 ETH Morning Strategy: #BTC #ETH Rebound to short, main line unchanged
Last night, driven by US stock market sentiment, ETH surged briefly to around 2950. The upward momentum failed to continue, and it then retreated to around 2885 for oscillation and correction; in the early morning, bulls and bears repeatedly tugged, and the current price has returned above 2920.
From the 4-hour structure, the previous dip to around 2785 found effective support, triggering a short-term bullish rebound, with the price back above the midline. However, it must be clear that this rebound is only a technical correction and has not reversed the overall weak pattern.
The resistance levels at 2950 and 3000 above should be closely watched. Until they are effectively broken, the core strategy remains to short on rallies.
- Short-term idea: Enter short positions around 2950-2970, target 2880-2840
- Long-term idea: Position short orders around 3000-3020, target down to 2800-2700
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.
1-27 ETH Morning Strategy: #BTC #ETH Rebound to short, main line unchanged
Last night, driven by US stock market sentiment, ETH surged briefly to around 2950. The upward momentum failed to continue, and it then retreated to around 2885 for oscillation and correction; in the early morning, bulls and bears repeatedly tugged, and the current price has returned above 2920.
From the 4-hour structure, the previous dip to around 2785 found effective support, triggering a short-term bullish rebound, with the price back above the midline. However, it must be clear that this rebound is only a technical correction and has not reversed the overall weak pattern.
The resistance levels at 2950 and 3000 above should be closely watched. Until they are effectively broken, the core strategy remains to short on rallies.
- Short-term idea: Enter short positions around 2950-2970, target 2880-2840
- Long-term idea: Position short orders around 3000-3020, target down to 2800-2700