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ETH Market Outlook: Bull and Bear Confrontation at Key Level @E0# Ethereum
Real-Time Market Overview
Ethereum’s start to the week has been unfavorable. From the high of 3215 on January 7, ETH has turned downward over three consecutive trading days and is currently hovering around 3096. Compared to BTC, which remains firmly above 90,000 (only a 4% retracement), altcoins are showing obvious weakness—usually a sign that market risk appetite is declining, and funds are rapidly concentrating into mainstream coins.
Most notably, the short-term support at 3100 has been effectively broken. The previous breakout lacked sufficient strength to hold, resulting in a “false breakout” pattern. The current market has shifted into a weak, oscillating state.
Key Price Levels for Bulls and Bears
Recent Defense Line (Weekend to Early Next Week)
The dip to 3080 is the low point of today’s Asian session and the last warning level within the day. If the night session drops below this, it indicates that the correction is far from over.
At 3050 lies a structural support level—this is a mid-platform from the previous upward move and a high-probability zone for short-term profit-taking by bears.
The super-integer zone between 3000 and 3020 is the absolute bottom line. The buy orders here are substantial, serving as the final defensive line for bulls.
Swing Support Zone (Next 1-2 Weeks)
2950, the previous neckline, has the nature of a top-bottom reversal point and shows clear long-term support effects. Further down, 2880 is the absolute low from late December, representing a major trend support level. If the market truly bottoms around 2800, it would be considered a deep correction.
Rebound Resistance (Within 1-3 Days)
The range of 3120 to 3130 forms immediate resistance—these levels previously acted as support, and once broken, they automatically turn into “top covers” (support and resistance flip).
3180 marks the upper boundary of short-term oscillations, while 3220 is a previous high that has now evolved into a strong resistance zone.
Swing Resistance Zone (Outlook for 1-2 Weeks)
3350 represents the previous high of this wave, and 3500 is the level where a trend reversal would be truly confirmed. Only if ETH can stabilize above 3500 can we talk about a bullish target of 3800, indicating a bull market.
Current Trading Opportunities
From the market perspective, ETH is in the process of “gradually finding support.” On the bullish side, although 3100 has been broken, the distance to the 3000 support line is shrinking, and the risk-reward ratio is improving. Entering around 3000 to 3050 offers a relatively higher success rate.
From a bearish angle, the short-term trend is indeed downward, but if ETH rebounds to 3120 and fails to hold, that would be a safer short-sell signal. It’s important to note that support below 3000 is very strong, limiting upward space for short positions.
Overall, the most prudent strategy now is to remain cautious, wait for ETH to stabilize in the 3000-3050 range before making decisions, rather than blindly entering trades in the current weak market.