Ethereum has been showing a catch-up rally rhythm in the past few days and is currently testing the resistance near the trendline.
Regarding the freshness of price levels, my strategy is: take decisive action the first time the level is reached; the second time, be more cautious; and if it's the third time with a right-side trade and a fakey pattern appears, then it's worth taking a big position.
Key current levels: The trendline resistance zone is between 3180 and 3250. If it breaks through, look toward the turning points at 3580 and 3660.
On the downside, initial support is at 2765, and below that is 2700.
It's recommended to use the trendline together with these key levels to judge the next move. If it does break down, there are two more daily-level defenses to watch at 2450 and 2250.
Just keep a close eye on these price levels to make decisions.
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BankruptcyArtist
· 6h ago
Only dared to go all in on the third fakey, this mentality is flawless, I respect that.
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Looks like we have to watch the 3180-3250 hurdle again.
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If it really drops to 2450, I'll buy the dip. I've lost before anyway.
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Every time I say I'll watch the price closely, but I end up buying high by accident.
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Catch-up rally? Why does it feel like I'm just catching up on losses?
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Trendlines, inflection points, support levels—this combo needs some serious studying.
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Whether 3660 can hold or not is up to fate, I guess.
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BetterLuckyThanSmart
· 20h ago
Only dared to go all-in on the third fakey, I gotta say, that mindset is impressive.
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DefiEngineerJack
· 12-05 08:52
ngl, the third touch + fakey formation thesis is solid but you're missing the order flow context here. just saying the price levels without diving into what's actually happening under the hood feels... incomplete? technically speaking™, gotta verify those support holds with volume profile data first
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ForumMiningMaster
· 12-05 08:27
Only dared to go all-in on the third fakey, nothing wrong with that mindset, definitely a cautious player.
Ethereum has been showing a catch-up rally rhythm in the past few days and is currently testing the resistance near the trendline.
Regarding the freshness of price levels, my strategy is: take decisive action the first time the level is reached; the second time, be more cautious; and if it's the third time with a right-side trade and a fakey pattern appears, then it's worth taking a big position.
Key current levels:
The trendline resistance zone is between 3180 and 3250.
If it breaks through, look toward the turning points at 3580 and 3660.
On the downside, initial support is at 2765, and below that is 2700.
It's recommended to use the trendline together with these key levels to judge the next move. If it does break down, there are two more daily-level defenses to watch at 2450 and 2250.
Just keep a close eye on these price levels to make decisions.