🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
**Yesterday's Market Review**
Ethereum as expected dropped to around 2889 to take profits, followed by a rebound. However, this rebound lacked strength and remained stuck below the key resistance at 2990. To be honest, the bearish pattern remains quite stable with no signs of being broken.
**Today's Market Outlook**
The market is expected to enter a consolidation phase with sideways movement, rather than a continuous trend. The trading strategy is clear—continue to mainly short, and look for suitable high points to short in.
**Specific Trading Plan**
**Entry Zone**: Between 2972 and 2990, this band is a repeatedly confirmed resistance level.
**How to Judge the Entry Timing**: When the price surges, observe whether there is a sign of weakening momentum or a direct rejection at resistance. These are good entry points for short positions.
**Risk Management**: Place stop-loss above 2990. If the price truly stabilizes above 2990, our analysis framework needs to be reassessed, and at that point, we should cut losses and exit.
**Exit Strategy in Two Steps**:
- Focus on whether the price can effectively break through the support zone at 2886 to 2866 below
- Once the support is broken with increased volume, the next target is around 2791, where you can consider exiting
- It is recommended not to take all profits at once; scaling out can lock in more profits, or if the support is broken, raise the stop-loss to balance risk and reward
⚠️ Disclaimer: The above is only a technical analysis approach and does not constitute investment advice. Trading involves risks; please make independent decisions based on your risk tolerance.