2026-01-19 18:26:22

Ethereum's recent trend is quite interesting. From the 4-hour K-line chart, after touching the upper boundary line, it started to face pressure and pull back, which is a very clear signal. Although the bulls within the range are not willing to give up and have tried to counterattack upwards, each time they approach the pressure zone near the upper boundary, they are pushed back down.

The current situation is that the hourly downtrend channel has officially opened, which means the short-term direction has been established. Our subsequent strategy is to focus on the first horizontal resistance line above for short positions, without being greedy.

The target is very clear; just look near the lower boundary of the downtrend channel, which is a relatively reasonable target zone in the near term.

ETH-1,43%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
9
Repost
Share

Comment

0/400

UncommonNPC

· 13h ago

The short squeeze this time is indeed quite fierce. Every time it tries to push higher, it gets pushed back down. It seems there are really large orders above.

View OriginalReply0

ContractBugHunter

· 21h ago

This wave of short-selling is indeed interesting; the upper boundary pressure has been pushed multiple times stubbornly. As soon as it touches the upper boundary, it falls back. With such obvious tactics, why are people still chasing the high? Once the downward channel opens, you have to face reality; going short is the way to go. I understand that the bulls are unwilling, but it's ridiculous that every rebound gets suppressed back down. Carefully watch that lower boundary; it will be crucial in the near future.

View OriginalReply0

quietly_staking

· 01-22 04:03

Resistance levels keep getting slapped down, this wave of bears is really quite fierce.

View OriginalReply0

AirdropSweaterFan

· 01-21 18:50

Ha, it's the same old strategy again. As long as the resistance level above can't be broken repeatedly, it's time to short again. The bulls have really been exhausted these days. Every time they almost go up, they get hammered down. Let's see how low this drop can go. The lower boundary definitely needs attention. Betting on this level is the key. Short positions seem a bit tempting; just see how long they can hold... Should I try this high short? I'm a bit itchy. By the way, ETH's behavior has been getting worse lately. I'm a bit hesitant to enter now; better to wait and see. If it really breaks that line, it'll be funny. Wait, is this downward channel really stable? It feels a bit shaky.

View OriginalReply0

BottomMisser

· 01-19 18:55

Once again, it got smashed down. The bulls are really exhausted this time. --- The downtrend channel is so obvious; the bears have finally turned around. --- Going long? I think I'll pass. Last time I got wiped out because of greed. --- Let's wait and see the lower boundary. Anyway, there's no hope in the short term. --- With such clear resistance levels, why are some still pushing upward? I just don't understand. --- If I still try to bottom fish this wave, I'll really be socially dead haha. --- The target level is clear, but I'm just worried it will break again. --- Once the hourly downtrend channel opens, don't expect a rebound. Be smarter. --- The phrase "no greed" hits hard. I lost everything because of greed. --- The upper boundary pressure is so strong; anyone trying to break through is truly brave.

View OriginalReply0

SnapshotStriker

· 01-19 18:49

The high altitude is indeed stable; I'm just worried that the bulls will come back and push against the resistance line again.

View OriginalReply0

SandwichDetector

· 01-19 18:42

Here it comes again. The resistance level above is really a hurdle, every time the bulls get pushed back. The short-term bearish idea is clear, but I'm worried it might just be empty talk. The signal that the downward channel is opening suggests that we need to guard that lower boundary. Waiting to see if the target can be reached as scheduled, but hopefully it won't oscillate repeatedly. The bulls really should accept their fate; this resistance level is the ceiling.

View OriginalReply0

GasGuzzler

· 01-19 18:39

The bears are holding it down here, and the bulls are really having a tough time. Yes, the downward channel has opened, so continue with the high positions. Are we about to break through the resistance level again? Wait, isn't the lower boundary supposed to be reached by now? Every rebound gets knocked down again; I’m familiar with this rhythm.

View OriginalReply0