I had a chat with a seasoned trader about the recent Ethereum market. The details he mentioned are quite worth paying attention to.



From a technical perspective, the 4-hour chart shows a solid rebound—after dipping to 2889, it bounced back directly, forming a classic V-shaped reversal. On the daily chart, it has been oscillating below the EMA30 for three consecutive days, but today it closed above the key level of 2950, which is a positive signal. Considering that weekend markets tend to be more volatile, caution is advised when chasing highs, as emotions can easily break down before reaching target levels.

The specific strategy is as follows:

**Main positioning**: Long Ethereum in the range of 2923-2893, keeping some bullets for averaging down.

**Target levels**:
- First target: 2983-2953
- Second target: 3053-3023
- Higher target: 3153

No need to rush; what’s meant to come will come.
ETH-0,53%
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GateUser-afe07a92vip
· 7h ago
Once you reach 2950 on the exchange, things start to get interesting. Now it's just a matter of whether you can hold this level.
View OriginalReply0
UuuUpUpUpvip
· 7h ago
Christmas rush! 🚀
View OriginalReply0
ProbablyNothingvip
· 7h ago
2950 has stabilized, and this V-shaped rebound is indeed impressive. Let's wait and see if it can retest 2923 before jumping in; there's no rush.
View OriginalReply0
UnluckyMinervip
· 8h ago
2950 has stabilized, this V-shaped reversal is really solid, but over the weekend I still need to hold the 2923 line and not get knocked out. What’s coming will always come; anyway, I’ve already saved enough bullets, just waiting for it to rise to 3153. Those who made a killing at the low point of 2889 are laughing their heads off, while I’m still trapped. Actually, the EMA30 level is the most annoying; it keeps pulling back and forth here. I really want to just surge up directly. Chasing highs is really easy to blow up; I’ve been taught a lesson once already, so this time I’ll just sit tight and wait. Looking at this rhythm, it feels like next week will be the main stage. Just hold on now. That 3053 level is really a test; will it break or not? Watching the charts all day, my brain is already seeing problems. It’s better to sleep first.
View OriginalReply0
NFTDreamervip
· 8h ago
This weekend, the 2950 level held steady. I feel like I can set up an ambush, just worried that those chasing higher will get beaten down again.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)