2025-12-18 06:20:53

Looking at ETH's recent trend, there is a possibility that the previous low at 2623 could be broken. However, these days it’s also possible that the main funds are consolidating around 2800—after all, such key levels often serve as accumulation phases before a rally.

Based on the current pattern, a more prudent approach is to short during rebounds. To be honest, the upward momentum doesn't seem very strong; even if it rebounds to around 2900, there will be significant resistance, and it might require paying a considerable price. Therefore, rather than expecting a complete upward rally, it’s more profitable to take contrarian positions at high levels.

ETH-0.15%

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MevHunter

· 12-19 22:23

Breaking 2623 is truly exciting; anything said about building momentum now is just nonsense.

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BlockchainRetirementHome

· 12-18 06:45

2623 Breaking or not breaking is really a curse, always entangling here... I agree with the bearish idea; a rebound smash is even more satisfying. The 2900 resistance line is indeed holding very tightly. The main force is holding back at 2800. Let's see how high this buildup can go. Honestly, the upward momentum is really weak, so it's safer to do reverse operations. If 2900 really hits the ceiling, it will be as tight as a surgical knife... It's still necessary to organize, but don't set too high expectations, really. Reverse operation is the way to go. This pattern doesn't look good.

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Web3Educator

· 12-18 06:44

ngl the 2623 floor break thesis is solid, but you're sleeping on how institutions love that 2800 accumulation game before the real pump hits — seen this pattern way too many times with my students' trading journals

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DecentralizedElder

· 12-18 06:36

If 2623 breaks down, it will be really panic-inducing, but the 2800 level does seem to have some buildup momentum. Playing short on rebounds also sounds reasonable, since the resistance above is so strong, 2900 can't hold at all. Counter-trend operations at high levels are more stable... I agree with this logic. Once 2623 is broken, it's over; all previous support levels are useless. What is the main force dilly-dallying at 2800 for? Just launch quickly. Instead of waiting for an upward trend, it's better to face reality and go short directly.

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