Looking at the ETH four-hour chart, the recent downtrend has approached a key support level. Currently, a short-term downward movement has formed, but the real turning point depends on whether the horizontal support line below can hold. If this support is broken, the bulls may turn into bears, and a rapid liquidity release could occur. Conversely, if this level is successfully defended, the opportunity for a rebound arises. The upcoming strategy is to focus on long positions around the low levels, waiting for a rebound to occur. The target area above is near the horizontal line mentioned above, which should be a relatively reasonable take-profit zone.

ETH-1%
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BlockchainDecodervip
· 1h ago
From a technical perspective, the binary statement that "whether the support level holds or not determines the future market" is actually somewhat too absolute. Research shows that the effectiveness of a single support level is often overestimated; what truly needs attention is the trading volume distribution and liquidity depth around that level, otherwise it is easy to fall into the trap of chasing highs and selling lows.
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ForumLurkervip
· 23h ago
Whether the support level holds or breaks is the key; it all depends on the market sentiment now.
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ArbitrageBotvip
· 01-07 18:57
Can the support level hold? That's the key. Once broken, it's game over.
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AlgoAlchemistvip
· 01-07 18:57
Whether the support level holds or not is really crucial; if it breaks through, you have to run.
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RugPullSurvivorvip
· 01-07 18:56
If I can't hold the support, I'll admit defeat. Don't say I didn't warn you all then.
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BridgeNomadvip
· 01-07 18:52
ngl, seen this support line story play out way too many times... reminds me of the ronin bridge collapse, everyone swearing they had it locked down til they didn't. that liquidity flush? yeah, that's real risk. just make sure your slippage tolerance isn't gonna ghost you if the bottom actually falls out.
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ApeEscapeArtistvip
· 01-07 18:50
Can the support level hold? That's the key, otherwise you need to run quickly.
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SatoshiSherpavip
· 01-07 18:48
What to do if the support breaks? This wave is a bit fierce.
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ZkSnarkervip
· 01-07 18:40
ngl, the whole "support holds = moon, support breaks = doom" thing is just vibes-based TA at this point. like yeah technically you're not wrong but imagine if we actually had *proof* of where price goes instead of just... looking at lines on a chart lol
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