2026-01-08 01:25:30

Yesterday, Ethereum surged to 3308, which made many people feel itchy, and some even said I was "bearish because I missed the move." Well, instead of arguing with each other, let the candlesticks and data speak for themselves. Today, I will use multiple timeframes of hard indicators to thoroughly analyze the trap behind this 3308 rally. As long as you master the signals across different cycles, you won't be fooled by false breakouts by the big players in the future.

Let's start with the 1-hour chart, a key cycle. The candlestick that surged to 3308 yesterday looked very powerful, but details reveal everything: the upper shadow is much longer than the body, indicating heavy selling pressure above and that the bulls can't hold up; the volume is at its recent lowest point, and this kind of rise without volume support is just bluffing; then it directly formed a bearish candle, creating a classic "Dark Cloud Cover" pattern, signaling strong downside. I've seen this kind of setup many times; usually, within 3 to 5 cycles, a correction is inevitable, and the pattern is highly regular.

Zooming into the 15-minute level, the details become even more obvious. During the sideways consolidation around 3270, the MACD had already issued a warning: after the death cross formed below, the red bars disappeared, and the green bars gradually expanded, indicating that the short-term bulls are already losing strength. To put it metaphorically, it's like two people facing off—one still standing on the surface, but actually unable to exert force; just a little more push from the other side, and they'll fall immediately. Ethereum's current state is exactly like this—seems to be consolidating steadily, but dark currents are flowing underneath.

Some may ask, the 4-hour chart still looks quite strong, how do you explain that? That's a good question...

ETH6,33%

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NFT_Therapy_Group

· 01-11 01:19

Wait, such a long upper shadow and people are still bullish? That's just ridiculous. I've said it before, the trading volume is a mess and can't support this at all. 3308 is just a bait; those trapped now are probably kicking themselves in the gut. I see what's going on with the MACD green bars enlarging. Short-term momentum is indeed weak. With this state, daring to chase high really takes courage. The main force has been playing this trick for so many years, and some still fall for it. I'm truly impressed. Multi-cycle resonance is the real key. Looking at just one timeframe to catch the bottom? Good luck, brother. This wave will only be over when it drops below 3000 again. I'm currently on the sidelines.

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AirdropworkerZhang

· 01-09 15:31

Oh no, it's the same old trick. Last time, it was also smashed down from 3300. I missed the opportunity and got criticized. Now, looking at these details, I really can't hold on anymore.

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BoredApeResistance

· 01-09 04:54

3308 this wave is indeed the old trick of the main force, with such a long upper shadow and such small volume, a false breakout at a glance. --- After the dark cloud cover, still want to bottom fish? I advise you to first look at the 15-minute death cross before talking. --- Always fooling like this, when will you learn to be smart, brothers. --- So what’s the real trend on the 4-hour chart? That’s the key, right? --- Honestly, rather than analyzing, I want to know how many people got trapped at 3308 haha. --- MACD death cross with the green bars enlarging, I’m very familiar with this signal, just run. --- "The market is only bearish after missing out"—this phrase is really funny, just ban the whole internet, then no one will have opinions. --- Consolidating steadily? I see it clearly as a last gasp of a dying horse struggling to hold on. --- The 1-hour volume is the lowest, yet it still pulls so aggressively, a typical show of false strength, the bears should make a move. --- I just want to ask, who bought the bottom near 3308... how does it feel now?

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GateUser-3824aa38

· 01-08 01:53

This wave 3308 is really just a setup. Dare to chase with such a long upper shadow? I saw it coming long ago; the trading volume simply can't support it, just bluffing. Hmm... that 4-hour chart is indeed pretty good, but a dead cross on a short cycle won't deceive anyone. I've seen too many times when the evening star on the hourly chart signals a pullback. Typically, a 3 to 5 cycle pullback, I've observed this pattern for a long time, and it never fails. We'll see how long this game can last. Basically, it's just a trap to lure more buyers. The bulls can't withstand the selling pressure above. The MACD on the 15-minute chart has already started to weaken, anyone who understands can see it. In this standoff, one side will collapse, just waiting for the other to push hard. Right now, we're at that point—sideways movement is just an illusion.

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NFTregretter

· 01-08 01:50

3308 this wave definitely lured many in with aggressive tactics, with such a long upper shadow and still someone buying in, truly incredible

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RugDocDetective

· 01-08 01:50

Hmm, this move 3308 is indeed fake. It's hard to believe with such a long upper shadow.

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GateUser-c802f0e8

· 01-08 01:50

Another wave of fake bullish traps and scams, just looking at it makes me want to laugh

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VCsSuckMyLiquidity

· 01-08 01:45

Oh no, it's the same old trick, I'm already tired of it --- That needle at 3308, I knew it was a false breakout, and sure enough --- The volume doesn't match the price action, it will come back sooner or later, this time again cutting the leeks --- I just enjoy watching these "smart people" get trapped, haha --- The bulls really hype up and then crash quickly, it's boring --- I knew I didn't miss the dark cloud cover, the signals are clear --- Haha, you're telling stories again, next time don't get caught by your own analysis --- The 15-minute death cross is really fierce, but is the 4-hour so strong? Really? --- Talking all sorts of nonsense, but in the end, you still have to cut losses --- Looking at technical indicators alone isn't enough, the main players love to play these tricks --- I just want to know how far this drop will go, 2800 or 2700

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LootboxPhobia

· 01-08 01:35

Coming back with fake breakouts to harvest again? I saw that wave at 3308 and it just didn't feel right. With such a long upper shadow, anyone still chasing should reflect on themselves.

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HappyMinerUncle

· 01-08 01:33

Bro, the 3308 move is indeed the classic tactic of the main force. I almost got caught up in it too. Wait, such a long upper shadow with such small volume? Isn't this just a clear fake breakout? Too classic. To be honest, I've seen the MACD death cross signal countless times. Every time it's accurate, and the green histogram expanding means it's over. Your analysis is pretty harsh, completely exposing the bulls without any cover. But the 4-hour hasn't broken out yet. Maybe we should wait and see the next few candles before drawing a conclusion? Damn, got trapped again. This time I’ve learned my lesson.

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