2026.01.20

The rebound of ETH starting from 2623 has been ongoing for nearly 60 days. Since last week, I have repeatedly emphasized that the upward trend has entered its final stage. Currently, its movement has validated this view.

Next, there are two possible expectations for ETH:

Red: After a recent rebound, it will continue to decline. This trend basically confirms that 3447 will be the highest point within at least the next 45 days. ETH's subsequent movement is a decline at the same level as 10.7-11.21.

Blue: ETH has never effectively broken through the shown support. A violent surge will follow, reaching a new high before entering a large-scale downward trend.

The subsequent confirmation of a new decline will depend on the strength of the rebound at the bottom. Whether it is a rebound high or a new high, once it plays out, look for opportunities to short. If this short position can be successfully entered, the gains could be significant.

The earliest point for the end of ETH's daily rebound starting from 11.21 is before Gann time 12.25. Therefore, in the next few days, we should pay attention to the endpoint. We may be at a turning point in a large-scale market trend. #eth $ETH