Ethereum's market has indeed been fluctuating a lot these past two days. From a technical perspective, although the price has pulled back, the rebound signals are still quite clear. Especially as the hourly MACD indicator is about to form a golden cross, which usually indicates that the downward momentum is gradually exhausted. Many traders see this as a good opportunity to buy on dips, as the market's rebound correction signs are still present.



Of course, there are also differing opinions. They point out that the market is currently filled with panic sentiment, and the bears are trying to control the rhythm. But overall, the bullish trend still has support, and the key is whether it can effectively break through the resistance level above. The short-term market's success or failure likely hinges on these support and resistance levels.

**Spot Market Snapshot**

Bitcoin is currently around 3269.49 USDT, with support at 3201.91 (about 2.22% below), and the support zone is between 3180.71 and 3210.02. The resistance level above is near 3308.0, which is close to the pressure level, so caution is advised.

**Trading Strategy**

From an operational standpoint, you can place buy orders near the support level, and set a stop-loss if the support is broken. This approach can relatively control risk while capturing rebound opportunities.
ETH-1.63%
BTC-0.8%
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RektRecordervip
· 01-06 23:52
Is it the MACD golden cross savior again? I spit on that. Last time I heard this spiel, I got trapped for five points.
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WalletDetectivevip
· 01-06 23:50
It's the same old MACD golden cross story; hearing it too often still gets you hyped up.
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AirdropChaservip
· 01-06 23:38
Here we go again. Can this rebound hold? Honestly, it's a bit uncertain. --- I believe in the MACD golden cross, but the panic sentiment is too strong. Feels like we need to wait a bit longer. --- Waiting for a breakdown of support before entering. Keeping a steady mindset is more important than anything. --- Will the 3201 level be a false breakout? I'm a bit worried about getting crushed. --- The whole market is a game of tug-of-war. Who will hold out first, the bulls or the bears? --- I don't dare to go all-in. Small positions to test the waters. --- Can the resistance level be broken? If not, we’ll have to wait again. --- The expected rebound, but it still feels like we're just oscillating. --- Friends with orders at support levels, be careful and be ready to cut losses at any time. --- The market keeps fluctuating like this, really testing patience.
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StableBoivip
· 01-06 23:30
Starting to mess around again. Will this MACD golden cross really save the day? Honestly, I'm a bit confused. --- The support level has only this much room. If you're not careful, it could break, and I can't afford to gamble. --- Buying on dips sounds good, but with such strong bearish sentiment, who knows how far it might fall. --- The resistance level is at 3308. If it doesn't break through, it's just a false rebound. Better to wait and see. --- Placing buy orders at the support level, with stop-loss set. Let's see if today can bring a decent rebound.
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