Under the backdrop of US non-farm payroll data falling below expectations, the subsequent direction of Ethereum and Bitcoin becomes particularly crucial. Based on the current market rhythm, I have summarized the three most likely scenarios for your reference.
**Scenario 1: Rebound then Sharp Drop** Ethereum may first plunge from the current price towards the 3020 level to find a bottom, then slowly rebound to around 3200. However, this might just be a false breakout, and on Monday, it could sharply drop from 3200 to below 2900, followed by a continuous decline to the 2200-2500 range. This pattern tests the strength of the support at the bottom.
**Scenario 2: Accumulation and Launch of a New Cycle** The current price could break below 2900 and enter a sideways consolidation. On Monday, it might start a gradual upward trend as the market begins to recover. If this scenario unfolds, a target of 3700 could be seen later. This is the most optimistic outlook, requiring effective volume support.
**Scenario 3: Continued Downtrend to Find Bottom** The price could break below 2800 immediately, with a follow-up decline on Monday, ultimately finding new support between 2200 and 2500. This pattern indicates a continued weak trend and warrants caution.
Bitcoin’s performance will directly influence Ethereum’s rhythm, and their correlation should not be underestimated. In the short term, closely monitor these key price levels and volume changes to interpret the true market intentions.
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OnchainGossiper
· 2h ago
All three scripts are talking about a decline. Isn't this overly optimistic? ... I still think the third one is the most likely.
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BuyHighSellLow
· 01-11 11:53
All three scripts are about crashing, but the second one is boastful about rising to 3700. This non-farm payroll really drove people crazy.
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RektDetective
· 01-11 11:49
All three scripts have to die; anyway, Monday's going to crash.
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FOMOSapien
· 01-11 11:48
How to get past this 3200 hurdle? Feels like another drop is coming.
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Frontrunner
· 01-11 11:47
All three scripts are about crashing, with the second one being a bit more optimistic. But honestly, if you dare to gamble in this industry, bet on volume.
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GasWaster69
· 01-11 11:41
I’ve looked at these three scripts. Basically, it’s about betting on Monday’s trend. Whether BTC leads the rhythm or not is the key.
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BearMarketSurvivor
· 01-11 11:41
Hey, it's that three-choice again. I bet on the first one; Monday is definitely going to crash.
Under the backdrop of US non-farm payroll data falling below expectations, the subsequent direction of Ethereum and Bitcoin becomes particularly crucial. Based on the current market rhythm, I have summarized the three most likely scenarios for your reference.
**Scenario 1: Rebound then Sharp Drop**
Ethereum may first plunge from the current price towards the 3020 level to find a bottom, then slowly rebound to around 3200. However, this might just be a false breakout, and on Monday, it could sharply drop from 3200 to below 2900, followed by a continuous decline to the 2200-2500 range. This pattern tests the strength of the support at the bottom.
**Scenario 2: Accumulation and Launch of a New Cycle**
The current price could break below 2900 and enter a sideways consolidation. On Monday, it might start a gradual upward trend as the market begins to recover. If this scenario unfolds, a target of 3700 could be seen later. This is the most optimistic outlook, requiring effective volume support.
**Scenario 3: Continued Downtrend to Find Bottom**
The price could break below 2800 immediately, with a follow-up decline on Monday, ultimately finding new support between 2200 and 2500. This pattern indicates a continued weak trend and warrants caution.
Bitcoin’s performance will directly influence Ethereum’s rhythm, and their correlation should not be underestimated. In the short term, closely monitor these key price levels and volume changes to interpret the true market intentions.