Yesterday I was watching ETH, and we need to be cautious about the 3200 level for this short-term rebound.

Why? There is double pressure there, don't impulsively chase when it gets close, as it's easy to get trapped. It's unlikely to directly make a rebound and take off at the daily level; this kind of movement does not conform to technical norms.

Based on experience, it is highly likely that there will be a second pullback to confirm support. At that time, the key point to watch will be whether 2600 can hold — that is the previous low and also the last line of defense for the bulls. If it holds, there is hope; if it breaks, then it needs to be discussed differently.

Be patient for a couple of days and don't rush to get in.

ETH0.24%

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TokenAlchemist

· 12-01 05:03

ngl the double resistance layer thing is pretty solid analysis, but honestly the real alpha is in watching those liquidation cascades around 2600—that's where the cascade dynamics get spicy, not just some arbitrary support level

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BearMarketSurvivor

· 12-01 04:57

3200 is indeed a slaughterhouse, with double pressure stacking up, whoever touches it dies. I’ve seen too many people here chasing orders in a daze. --- 2600 is the real front line; if this supply line is broken, long positions must retreat, no need to say more. --- Don’t rush, this battle is still long. Survival first, profit second. --- Inverse V? Dream on. The market isn’t that gentle; the historical cycle is there, a second retest is a basic operation. --- Trends that look comfortable are often the most dangerous; my experience is — the more you want to chase, the more you should hold back. --- If 2600 can’t hold, everything is just an illusion. This is the last defense line for long positions. --- Patience is the most expensive currency in this game, more useful than any stop loss order.

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GateUser-e87b21ee

· 12-01 04:53

3200 is really a pit, I almost chased in yesterday, luckily I didn't move. If 2600 breaks, we have to look again, this point is too critical. Let's talk later, don't rush to enter a position really.

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DoomCanister

· 12-01 04:45

3200 is really a trap, I was trapped there last year once, this time I learned my lesson. If 2600 breaks, the long positions are really done for, it might fall back to 1800 then. Rebound to da moon? Dream on, this kind of market fluctuation is normal operation. I have faith in this 2600 line, if it doesn't break, I'll just hold on. Got it, just keep waiting, don't rush to buy the dip, right? The 3200 resistance level is indeed strong, last time the resistance was piled up there. The classic move of a second retest, it's always this tactic to play people for suckers. As long as 2600 holds, there's still hope; otherwise, just take the loss, be clear-headed. Wait for the bottom to be confirmed before acting, chasing the price is just giving away money. This rebound feels very weak, we still need to see the subsequent performance.

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Token_Sherpa

· 12-01 04:41

ngl the double resistance layering at 3200 is textbook, but most retail gonna fomo in anyway lol

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ShitcoinConnoisseur

· 12-01 04:40

3200 is really a pit, I was buried here last time If 2600 breaks as well, we have to admit defeat To be honest, I didn't dare to chase this rebound, I'll wait for a second bottom to discuss Reverse V pump? Dream on, the technicals can't break out at all Only by holding the defense line can we turn things around, otherwise, we'll continue to sit at the bottom

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