From the candlestick pattern, ETH has already reached a strong resistance level on the weekly chart. The 3090 barrier is neither broken nor fallen below, resulting in a typical consolidation pattern. The bulls lack the volume to break through, and the bears haven't exerted enough pressure to push down, so the price is oscillating around the resistance level.
This standoff indicates that the market is still testing the true strength of support and resistance levels. Plus, during weekends, liquidity is usually weaker, making it easier for major funds to create false breakouts or trap shorts with low trading volume. This is the most comfortable time for a shakeout. Chasing longs can easily lead to being hammered down, while rushing to short can’t prevent sudden upward spikes.
In such an environment, the most rational choice is actually to wait and see. Once the direction becomes clear and trading volume picks up, then consider entering positions based on the pattern. Forcing trades when stuck in the middle often results in unfavorable odds.
Once $ETH moves in a decisive direction, market signals will become very clear. Following the trend at that point is the most prudent approach.
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BridgeJumper
· 01-14 06:03
Securing your position means holding onto spot assets and not getting lured into a false breakout by the main players.
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LiquidityOracle
· 01-14 00:45
The 3090 hurdle really got stuck, the main force is just waiting to harvest the leeks
Weak liquidity over the weekend is the best window for shakeouts, don't be fooled by false breakouts
Waiting and watching is really the only option, wait for volume to pick up before acting
Chasing longs gets crushed, shorting gets squeezed, stuck in the middle is miserable
Wait for clear signals before following, at least the odds are acceptable
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WinterWarmthCat
· 01-11 08:42
Stuck at 3090, can't break through no matter what, the main force is just shaking out, don't get caught up
Wait for clear signals before acting, chasing in now just makes you the sucker
Liquidity is so poor over the weekend, yet you still dare to go long, your courage is really impressive
Waiting and observing is the safest, don't get cut
Trades with unfavorable odds are ones I stopped engaging in a long time ago
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BlockchainWorker
· 01-11 08:37
This level on 3090 is really awesome, bouncing back and forth here repeatedly, so annoying.
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GateUser-74b10196
· 01-11 08:32
This level 3090 is really amazing; the main force is here to shake out the weak hands.
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DeFiGrayling
· 01-11 08:30
Positioning like this, aggressive trading is just asking for trouble. I choose to lie low and wait for signals.
#Solana行情走势解读 $ETH at this position, should I go long or short?
From the candlestick pattern, ETH has already reached a strong resistance level on the weekly chart. The 3090 barrier is neither broken nor fallen below, resulting in a typical consolidation pattern. The bulls lack the volume to break through, and the bears haven't exerted enough pressure to push down, so the price is oscillating around the resistance level.
This standoff indicates that the market is still testing the true strength of support and resistance levels. Plus, during weekends, liquidity is usually weaker, making it easier for major funds to create false breakouts or trap shorts with low trading volume. This is the most comfortable time for a shakeout. Chasing longs can easily lead to being hammered down, while rushing to short can’t prevent sudden upward spikes.
In such an environment, the most rational choice is actually to wait and see. Once the direction becomes clear and trading volume picks up, then consider entering positions based on the pattern. Forcing trades when stuck in the middle often results in unfavorable odds.
Once $ETH moves in a decisive direction, market signals will become very clear. Following the trend at that point is the most prudent approach.