BCH and ZEC have significant adjustment ranges. After ETH breaks through 3000, is it time to wait a bit longer?

Dual-Currency Retracement Shows Strong Momentum

Recently, BCH and ZEC have each demonstrated their own strengths. BCH, after reaching the 630-650 resistance zone, began to adjust down to around 610 support. The decline was moderate but the momentum remains intact, indicating buying interest still has resilience. Currently, BCH is priced at $643.48, with a 24-hour increase of +0.59%, reflecting its anti-dip characteristic amid volatile trading.

In contrast, ZEC’s performance is more decisive. As expected, this large-zero coin started to decline in the 550 area, with a single drop of 6%, breaking significant support. The current price is $506.07, with a 24-hour change of +0.07%. Although the adjustments of the two coins differ, both have reached key levels predicted in advance, demonstrating technical accuracy.

Further Trading Opportunities Still Exist

The adjustment logic for BCH and ZEC is similar—momentum typically decays more slowly. After rebounding from the 610 support, BCH may attempt a second peak. If it pushes again toward the 650 area, traders can consider short positions at higher levels. Similarly, ZEC may experience a rebound attempt, and even a scenario where it attracts buyers around 560 cannot be ruled out. This means that as long as the price moves up again to the preset resistance, there is an opportunity to enter a second short position. Bold traders who have already positioned earlier can take advantage of this.

The Authenticity of Ethereum’s Breakout Needs Observation

After ETH broke through the key psychological level of 3000, it surged toward the previous high near 3060. Currently, ETH is priced at $3.13K, with a 24-hour increase of +0.82%. However, there is significant resistance after the breakout, and technical analysis indicates a short-term shorting opportunity at this high. But this is only a short-term trading point. The next step, if ETH continues to strengthen and reaches the 3170-3200 resistance zone, will be the real test of the breakout’s validity. Traders can then establish more confident short positions in that area, aiming for a profit of over 50 points, which is quite substantial.

Market Timing and Outlook

During the holiday period, market activity tends to be quiet, but subtle fluctuations still present trading opportunities. In this correction phase, BCH, ZEC, and ETH have each reached their target levels, and there remains room for secondary operations. The upcoming strategy should be to patiently wait and prepare for the next round of short opportunities at key resistance zones. The market rhythm is far from over.