2026-01-29 03:55:27

Ethereum surged and then retraced to around 2950 at the 5-day moving average, currently trading within the daily range of approximately 2787-3403 in Central Zone 2. The 4-hour timeframe is within the 4-hour central zone around 2867-3020; the 30-minute timeframe has broken below the 30-minute central zone of 2987-3035.

Today’s resistance is at the 3000-3020 area, while support is at the 2900-2880 area. Regarding trading ideas:
1: Consider short positions near the 3000-3020 area with a stop loss at 3045 and take profit at the 2950-2930 area.
2: Consider long positions near the 2910-2890 area with a stop loss at 2870 and take profit at the 2960-2980 area.

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(The above suggestions are time-sensitive and for reference only)

ETH-6,75%

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