2026-01-08 15:20:56

Ethereum broke below the upper Bollinger Band yesterday and is now oscillating around the middle band (3251). The daily MACD is nearing the end of this trend, stuck at the upper Bollinger Band, and whether it can hold this week will be a watershed. The KDJ has formed a golden cross at high levels, but RSI is already in overbought territory, which seems somewhat contradictory. The 30-day moving average is at 3068, and we need to see if it can hold this support today.

The 4-hour chart shows that the Bollinger Bands are still in an upward channel, but this trend is about to break. MACD is above the zero line but starting to weaken, KDJ is at the top but below the peak, and RSI is overbought (above 30)—overall, bearish signals are quite clear, and there is indeed an opportunity to short today. The 100-day moving average has not been broken and remains above the Bollinger Bands; the 7-day and 30-day moving averages have already crossed, with the crossover around 3164.

The 1-hour chart is quite interesting. The trend has completely shifted from bullish to bearish, with prices falling below the 7-day, 30-day, and 120-day moving averages. MACD shows signs of rebound below the zero line, KDJ has a small golden cross at low levels, and RSI is at 38 but showing downward signs—this indicates that volatility may still increase. The key is whether trading volume can support this rebound, whether the price can stabilize at this level for a rebound, or if it will continue to decline after a brief spike.

ETH0,14%

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SellTheBounce

· 16h ago

Rebound is the time to sell; this is the first lesson in trading. --- Here comes another pump-and-dump trick, waiting for the bagholders to shell out at high prices. --- There are always lower points; don’t rush to buy the dip. History has already taught us that. --- RSI is overbought and still holding on stubbornly, just waiting to be proven wrong. --- Look at the volume; that’s the real story. Indicators are all deceptive. --- A break below is a signal; no need to wait for confirmation. --- Moving average crossover? You should have already run. Still studying Bollinger Bands now, that’s really late. --- The bearish signal is so obvious, yet some still wait for a pullback to sell? Human weakness, everyone. --- If the 3068 level can’t hold, the story ahead will be very interesting. --- The bulls have completely turned around, so to speak. Actually, it’s just the time to sell when it’s crashing.

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GasFeeNightmare

· 01-09 05:52

Oh my, this wave is really about to break through. The bearish signals are so obvious, yet some people are still calling for a rally...

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StableGenius

· 01-08 15:50

lmao the classic "contradictory signals mean opportunity" take... RSI screaming overbought while KDJ's doing its thing, naturally this ends well 🎭 volume's gonna be the real tell here tbh, not these overlapping timeframes playing ping pong

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LiquiditySurfer

· 01-08 15:47

This wave of stabbing feels a bit familiar, like adding an olive to a martini—bittersweet taste. --- RSI is already overbought, and still thinking about going long, really can't hold it anymore. --- That crossover at 3164 looks like a good starting point for surfing, but we need volume to give a confirmation signal. --- Such an obvious short signal, yet still hesitating—better to open a short position directly and try it out. --- If the upper band of Bollinger Bands really breaks this time, can the liquidity depth reach 3068? --- A rebound below the MACD zero line sounds good, but I'm more concerned whether the trading volume is enough to support this move. --- The 1-hour level has completely reversed; this is the true market-making mindset. --- What do permissionless financial players think? Is this pattern applicable to on-chain behavior? --- Whether the stabbing is a true drop or not depends on how well this rebound holds. --- Calmly waiting for volume confirmation—no rush at this critical point.

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ShibaSunglasses

· 01-08 15:45

This bearish signal is so obvious. Are you not going to buy the dip? After the spike and rebound, whether it continues to drop still depends on the volume.

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