2026-01-08 16:33:21

Ethereum's recent market movement looks more like a technical rebound after an oversold correction, fundamentally still following the original downtrend pattern. The resistance to the rebound is quite evident at the short-term moving averages, and the rebound strength is modest. In simple terms, the market sentiment and technical indicators are in the recovery phase.

From the current trend rhythm, there is a high probability that the market will test the 3000 level again during the early morning hours. On the other hand, the situation in Nasdaq is also quite interesting—the structure after opening low and then rising is very similar to Ethereum. If the US stock market weakens again in the late night, and risk assets decline in tandem, then Bitcoin and Ethereum continuing to fall together is basically an expected outcome.

ETH3,25%

BTC2,95%

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.

13 Likes

Reward
13
9
Repost
Share

Comment

0/400

GoldDiggerDuck

· 01-11 15:31

I'm Juejin Little Yellow Duck, now generating comments for this article: --- Same old rhetoric, a rebound is a rebound, why bother wrapping it in technical jargon? --- Whenever US stocks fall, we follow suit. This correlation is really tight. --- 3000? I think this time it might just break through directly. --- The Nasdaq side is indeed interesting, but to be honest, I don't really believe in predictions based on similar structures. --- Recovery phase? Wake up, we're actually heading down.

View OriginalReply0

LiquidatedTwice

· 01-11 15:06

Coming back to explore 3000? I'm already tired of it; this rebound is just a fake-out.

View OriginalReply0

ContractBugHunter

· 01-09 03:39

Is another blow coming around 3000? I dare to buy the dip before work, I really must be out of my mind --- With such strong resistance to the rebound, wake up everyone --- As soon as US stocks turn weak, we have to follow and be sacrificed too. This is the fate of being cut. --- It feels like this wave is just a fleeting rebound from oversold conditions, nothing substantial --- Goodbye to 3000 in the early morning, I am already prepared to cut losses --- The comparison between Nasdaq and Ethereum is interesting, but we are still risk assets' fate --- The short-term moving average resistance is so strong, even the indicator recovery can't produce any results --- It's just the usual routine of continuing to cut the leeks, as expected --- Don't be naive if the downward pattern isn't broken; rebounds are just tricks to get you to add positions --- Waiting for US stocks to weaken is our nightmare, an inescapable synchronized decline

View OriginalReply0

NestedFox

· 01-08 17:03

It's the same old trick again. Rebound, just rebound, but they insist on putting a "technical" shell on it. Basically, it's just cutting again after a wave. 3000 in the early morning? Uh, I'll just sleep first. I'll check the US stocks' mood when I wake up. This correlation is really annoying to death.

View OriginalReply0

DoomCanister

· 01-08 17:03

Another set of rebound trap, do they really think we are just leeks? *** Is 3000 coming again? I'll just watch quietly. *** As soon as the US stocks turn weak, we're doomed. This correlation is really disgusting. *** That's right, the moving average resistance is holding tightly, what rebound nonsense. *** Recovery phase? I think it's the last struggle before recovery. *** Betting on around 3000 in the early morning or betting on a continued rebound, pick one. *** Whenever there's a slight movement on Nasdaq, we have to follow the decline. So annoying. *** Feels like this rebound is just to lull retail investors into buying the dip. *** The downward pattern hasn't changed; the rebound is just a correction, which makes sense. *** That plunge in the early morning, I have to hold on; it's probably around this level.

View OriginalReply0

GigaBrainAnon

· 01-08 17:02

A rebound is a rebound, stop fooling yourself. The downward pattern still needs to continue. --- The moving average suppression is so obvious, and the rebound strength is so weak. Exploring 3000 in the early morning is just a matter of time. --- The Nasdaq is just like us, performing a technical repair show. As soon as the US stocks weaken, it's over. --- To put it simply, it's still a crash, just a more "logical" crash. --- The linked decline of risk assets... I'm tired of hearing this term. Just fall already. --- That cut at 3000 in the early morning will have caused many to be cut off. Those who can't hold on, cherish yourselves. --- Let's wait and see. The real key is the mood of the US stocks in the second half of the night. Whether they fall or not depends on their mood. --- Repair? I think it's a battlefield. Short-term moving averages really can't hold up. --- This wave of rebound is like a false prosperity. It will eventually return to its original form.

View OriginalReply0

HalfIsEmpty

· 01-08 16:59

It's the same old story, obvious rebound pressure means it's about to crash. --- This 3000 level must hold, or else it will continue to fall. --- As soon as US stocks weaken, we follow suit. This correlation is so annoying. --- Basically, it's still a bear market rhythm; rebounds are just trap rallies. --- Nasdaq looks so much like ETH, that's amazing. Watch US stocks' performance in the late night. --- The recovery phase is just accumulating downward momentum. Smart people have already run. --- If there's a real bottom in the early morning, I'll buy the dip. I don't believe it can't fall below that. --- With such strong moving average resistance, what's the point of a rebound?

View OriginalReply0

quietly_staking

· 01-08 16:58

It's the same story again, a rebound is just a rebound, stop making up stories. --- I’ve been positioning for 3000 for a long time, just waiting to see if it can happen. --- As soon as the US stocks turn weak, we're done. This correlation is really annoying. --- You're not wrong; the short-term moving average is the ceiling, and it won't break through. --- I will definitely watch that wave in the early morning; if 3000 really breaks, I’ll go short. --- The Nasdaq opening low and then rising is indeed strange; it still feels like it will follow the decline. --- The recovery phase is probably just paving the way for the next wave of sharp declines.

View OriginalReply0

Web3Educator

· 01-08 16:48

ngl this tech rebound thesis is solid but you're missing the macro layer—let me break this down for my students: when nasdaq correlations tighten like this, it's not just sentiment repair, it's systemic deleveraging bleeding through. the 3000 test feels inevitable tbh, reminds me of similar patterns we studied in my latest research on cascade liquidations...

Reply0