2025-12-05 03:26:56

Ethereum has formed a bullish engulfing pattern on the daily chart, but there is retracement pressure on the hourly chart.

Right now, the 3140 level is quite delicate—there’s a small hurdle at 3208-3220 above. If it can hold above 3165, things look promising. A breakout above 3230 targets 3250 or even 3280, at which point you can consider going short, with a stop at 3285.

The setup below requires more precision: 3065-3040 is a golden zone to go long, with a stop at 3015. The initial target is the rebound space at 3145-3165.

If it really breaks below 3030? Don’t hesitate—follow the trend and short down to 2985-2975, then look to buy the dip. 2960 is the final support line. For now, just wait for the market to choose a direction.

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ColdWalletAnxiety

· 12-07 02:09

3140 is really an awkward spot. The daily chart looks promising, but the hourly chart is dumping again. The market’s temperament is really hard to figure out. Let’s see if the key level at 3165 gets broken. If it breaks, it’ll head straight to 3280. If not, we’ll need to watch out for the 2985 bottom line. I need to save some ammo for the gold pit at 3065-3040. Otherwise, if it really breaks below 3030, I’ll regret it.

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GweiWatcher

· 12-05 22:52

3140 is indeed a bit of an awkward level, we need to see if it can hold above 3165. Let's wait and see what the market chooses to do. If it breaks 3030, I'll go short right away and see it at 2985.

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SighingCashier

· 12-05 03:56

3140 is a key level that's quite a psychological test, feels like we're just waiting for a breakout in either direction. The daily engulfing looks pretty good, but the pullback on the hourly chart is a bit annoying. Only if 3165 holds steady will there be an opportunity to act, otherwise it's better to wait and see. If 3030 breaks, then we really have to go with the trend, don’t try to fight it. This round is all about seeing how the market chooses; I’m just watching for now.

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MissedAirdropAgain

· 12-05 03:56

3140 is indeed a tough hurdle. Let's wait and see if 3165 can hold.

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NeverVoteOnDAO

· 12-05 03:55

3140 is really a tough hurdle. With such strong resistance at the hourly level, and you still expect a new high? We have to wait for a signal from the market.

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consensus_failure

· 12-05 03:52

3140 really is a bottleneck. The engulfing pattern on the daily chart looks pretty good, but that bit of resistance on the hourly chart is really annoying. If it holds above 3165, then we can play. It only gets interesting if it breaks 3230—then it’s time for the bears to make a move. I have to keep an eye on that golden pit around 3065. As long as 2960 isn’t broken, there’s not much of a problem.

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GweiWatcher

· 12-05 03:45

3140 is really an awkward position. Despite the engulfing pattern, it's still slapping us in the face on the hourly level. Wait until 3165 is firmly established before making any moves; anything said now is pointless. If it drops to 3030, go straight in for the bottom; go all-in at the 2960 support line.

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