Recently, Ethereum and other mainstream cryptocurrencies have been stuck in a repeated range-bound oscillation. Yesterday, a historic-level options expiration day for exchanges arrived, but the market did not experience any significant emotional fluctuations; instead, it continued to consume energy within the established range.
Ethereum has been trying to find a bottom over the past two weeks. The 2880 level acts like a natural support line, bouncing back each time it is approached. Based on this observation, many traders have adjusted their strategies—from defensive shorts to buying on dips, becoming more proactive. The logic is quite simple: as long as the US stock market does not break below the starting point of today’s rise when it opens tonight, the upward potential will be fully unlocked. From a technical perspective, 3125 is a relatively clear target level. Whether we can see a decent rally before the end of the year depends on the performance of the next couple of days.
The market landscape is gradually shifting, and opportunities often hide in such stalemates.
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NFTArchaeologist
· 2m ago
This wall at 2880 really can't be broken through no matter what, how many rebounds has it had?
Whether 3125 can hold is the key, or just keep going sideways.
Historical level delivery days have been silent, which is a bit strange.
Wait for the US stock market to open, and we'll see the outcome tonight.
Actually, during these stalemates, it's easier for a wild stock to emerge—just see who can act first.
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GamefiEscapeArtist
· 12-26 13:57
Hurdle at 2880 is indeed a bit annoying to repeatedly face, but the rebound pattern is quite regular.
The real test is when the US stock market opens; otherwise, this wave is just empty.
If the year-end market can't pick up, we'll really have to wait until next year, which makes me a bit anxious.
During the consolidation period, you need to be very brave to go long; I am still cautiously watching.
Historically, major delivery days haven't caused a crash; is it really true that no one is selling this time?
I bet on 3125; otherwise, I’ll have to cut losses and exit.
This rhythm is a bit like the previous range-bound oscillation, and in the end, it just crashed directly.
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SchroedingersFrontrun
· 12-26 13:51
2880 this threshold keeps getting hit repeatedly, it's really annoying
It's the end of the year and you're still hesitating, can 3125 break?
Let's wait for the opening of the US stock market, feels like these two days are crucial
Looking for opportunities in the stalemate, easy to say
Rebound after rebound, when will it finally end
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ponzi_poet
· 12-26 13:50
If we can't hold 2880, let's just backtrack directly, no need to wait until the end of the year.
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FloorSweeper
· 12-26 13:48
lmao everyone's suddenly turning bullish after getting liquidated twice? classic paper hands energy. 2880 is a meme support tbh, we'll see how many get trapped at 3125.
Recently, Ethereum and other mainstream cryptocurrencies have been stuck in a repeated range-bound oscillation. Yesterday, a historic-level options expiration day for exchanges arrived, but the market did not experience any significant emotional fluctuations; instead, it continued to consume energy within the established range.
Ethereum has been trying to find a bottom over the past two weeks. The 2880 level acts like a natural support line, bouncing back each time it is approached. Based on this observation, many traders have adjusted their strategies—from defensive shorts to buying on dips, becoming more proactive. The logic is quite simple: as long as the US stock market does not break below the starting point of today’s rise when it opens tonight, the upward potential will be fully unlocked. From a technical perspective, 3125 is a relatively clear target level. Whether we can see a decent rally before the end of the year depends on the performance of the next couple of days.
The market landscape is gradually shifting, and opportunities often hide in such stalemates.