Look at ETH's trend, the bulls are still continuing to exert effort.
From the cycle chart, the price has firmly held above all levels of moving averages, and the bullish trend has not been effectively broken. Currently, ETH is running close to the upper band of the Bollinger Bands, and the MACD is maintaining a golden cross, which indicates a relatively strong technical setup.
The key is to see the validity of the breakout. If the price pulls back to the support level and stabilizes, it can be considered a good low-entry opportunity for long positions. The 3180 support level still shows strong resilience, and its performance should be closely monitored in the short term.
Traders looking to place orders can consider seeking low-entry opportunities near the support level, but only if the support truly holds.
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FastLeaver
· 01-07 22:19
Has 3180 really stabilized? It still feels like it's testing the waters repeatedly.
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QuietlyStaking
· 01-07 16:08
Breaking 3180 is a big deal; if it breaks, it will be troublesome.
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ETHmaxi_NoFilter
· 01-06 20:52
This level at 3180 must be held, or else there will be a pullback. The bulls are okay but don't be too optimistic.
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NullWhisperer
· 01-06 20:24
tbh the 3180 support is interesting but like... technically speaking, these "hard" supports break all the time. macd gold cross doesn't mean much if the fundamental setup is shaky, ngl
Look at ETH's trend, the bulls are still continuing to exert effort.
From the cycle chart, the price has firmly held above all levels of moving averages, and the bullish trend has not been effectively broken. Currently, ETH is running close to the upper band of the Bollinger Bands, and the MACD is maintaining a golden cross, which indicates a relatively strong technical setup.
The key is to see the validity of the breakout. If the price pulls back to the support level and stabilizes, it can be considered a good low-entry opportunity for long positions. The 3180 support level still shows strong resilience, and its performance should be closely monitored in the short term.
Traders looking to place orders can consider seeking low-entry opportunities near the support level, but only if the support truly holds.