2026-01-12 19:22:47

Ethereum Technical: Bullish Potential from Long Wick

Check out that long wick on the ETH chart! Such formations are often quite interesting reversal indicators. From the current support level, there is potential for a bounce to the 3400-3500 zone in the medium term.

K-line with a long lower shadow usually indicates strong rejection from buyers at the support level. If buyers can maintain momentum from here, targeting 3400-3500 is not an unrealistic expectation given the current market conditions.

Of course, confirmation from volume and other technical indicators still needs to be monitored before taking a position. But the setup is starting to look quite promising for traders tracking ETH.

ETH-1,57%

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BlockchainWorker

· 20h ago

The long lower shadow is indeed interesting this time, but don't be fooled. Without increasing volume, it's still pointless.

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HallucinationGrower

· 22h ago

A long lower shadow, huh? It's that old explanation again... Do you remember how long we were trapped the last time you said this?

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FarmToRiches

· 01-13 01:33

The long lower shadow is back again. Can it really rebound this time? I believed in the previous rebound, but I didn't see 3400.

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GateUser-e19e9c10

· 01-12 19:52

Should we jump in on this long lower shadow? The key still depends on whether the trading volume is strong enough.

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shadowy_supercoder

· 01-12 19:51

The long lower shadow pattern is back again. Every time, they say there's a chance, but what’s the result... 3400-3500, right? I bet five bucks it won't break through.

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GoldDiggerDuck

· 01-12 19:51

The long lower shadow is indeed interesting this time, but whether 3400-3500 can hold depends on the trading volume.

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RealYieldWizard

· 01-12 19:50

Another long lower shadow. I've heard this explanation too many times. The key still depends on the trading volume, my friend.

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GasWrangler

· 01-12 19:42

nah, long wicks don't mean anything without proper volume analysis tbh. show me the orderbook data first before getting hyped on 3400-3500

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SchrodingersFOMO

· 01-12 19:41

Long lower shadow looks always very promising, but the probability of rebounding to 3500... well, it depends on the trading volume. --- Another "bullish signal," but this time, can it avoid crashing and honestly go to 3400? --- Strong rejection at the support level? Then wait and see, if the volume doesn't support it, it's all pointless. --- Long lower shadow is indeed interesting, but I'm more concerned about whether this will be a false breakout again... --- Can ETH reach 3500 this time? Honestly, I’m not sure, but the chart is definitely hinting at something. --- Every time I see this pattern, I think of the previous "inevitable rebound," but everyone knows how that turned out. --- Trading volume is the real boss; without it, all signals are meaningless. --- 3400-3500? First, see if the buyers have real momentum, don’t just keep dreaming.

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DiamondHands

· 01-12 19:39

The long upper wick is back again, always saying reversal. Can it reverse this time? I'm really scared.

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