Many people start to feel anxious on Fridays, instinctively thinking about whether to close their positions to cut losses. But the truth isn't that simple — it mainly depends on whether the support level can hold.
Currently, the most critical level for ETH is 3050. This level has multiple significances: it is both the dividing line between bullish and bearish forces and a strong support at the middle band of the daily Bollinger Bands. In other words, it’s like the "Golden Anchor" of the market.
From a technical perspective, the situation is indeed worth paying attention to. The 4-hour cycle is undergoing a second test. If the gap-up move in the morning can stabilize above 3050, the probability of a bullish rebound will significantly increase. Once this support level is held, considering the sideways accumulation effect over the weekend, a main upward wave on the daily chart could be triggered directly.
Therefore, instead of blindly thinking that Friday must fall, it’s better to consider: if the support level proves effective, it might actually be a good trading opportunity. The short-term core logic revolves around 3050 — holding it suggests a rebound expectation, while breaking below requires re-evaluation. The rhythm of this wave is very strong and warrants close observation.
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Many people start to feel anxious on Fridays, instinctively thinking about whether to close their positions to cut losses. But the truth isn't that simple — it mainly depends on whether the support level can hold.
Currently, the most critical level for ETH is 3050. This level has multiple significances: it is both the dividing line between bullish and bearish forces and a strong support at the middle band of the daily Bollinger Bands. In other words, it’s like the "Golden Anchor" of the market.
From a technical perspective, the situation is indeed worth paying attention to. The 4-hour cycle is undergoing a second test. If the gap-up move in the morning can stabilize above 3050, the probability of a bullish rebound will significantly increase. Once this support level is held, considering the sideways accumulation effect over the weekend, a main upward wave on the daily chart could be triggered directly.
Therefore, instead of blindly thinking that Friday must fall, it’s better to consider: if the support level proves effective, it might actually be a good trading opportunity. The short-term core logic revolves around 3050 — holding it suggests a rebound expectation, while breaking below requires re-evaluation. The rhythm of this wave is very strong and warrants close observation.