2026-02-08 06:33:56

If you’re buying every $ETH pump into $2.7K after this 200day EMA rejection, you’re exit liquidity.

You can ignore 1 rejection at the 200-day EMA, but you can’t ignore 3.
That $ETH 200-day EMA was the big make or break level, and we just got a clean rejection off it (red circle).
The whole move basically played out as a classic squeeze into major resistance, we pushed up into the EMA200 / prior supply, stalled exactly where we kept getting rejected before, and then price rolled over hard.
Now we’re back below the key pivot zone around $2.7K (that level is no longer support, it’s resistance), which shifts the short-term bias bearish until proven otherwise.
From here, the only thing I care about is whether ETH can base and reclaim $2.7K again
if it can’t, the path of least resistance is more chop/downside with the next meaningful demand sitting around the $2.3K area, then the deeper support band below that ($1.8K zone).
If we do reclaim $2.7K with a proper close and hold, then this whole dump becomes a nasty deviation and we can start talking about a rotation back up toward the mid-$3Ks again
but until that happens, the 200 EMA rejection is the signal, and rallies are more likely to get sold.$ETH ‌

ETH4,58%

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 Likes

Reward
1
1
Repost
Share

Comment

0/400

Dannyw

· 39m ago

Bitcoin has reached around 60,000. The decline is really fast; in just a few days, it dropped from 90,000 in one go. So, ignoring the 5,000 unit intervals, a drop of 10,000 points naturally means buying in at a discount, albeit gradually. This is based on fundamental analysis combined with technical analysis. It's not about going all-in at the lowest point; instead, buying gradually to balance the average price. Staying steady and waiting is still the prudent approach. But I think, from a 5-year perspective, it's worth it, and you can start gradually entering the market. Moreover, it was previously sold at 120,000, and now the price difference is significant. From 120,000 down to 60,000, the worst-case scenario is another halving, so just hold on and wait.

View OriginalReply0