2026-01-16 17:29:58

Ethereum has recently underperformed Bitcoin significantly. The price has formed a pullback around 3400 and has now broken below the midline, continuing to decline under moving average resistance. From a short-term structure perspective, the bears are in control, and the rebound is likely just a technical correction.

In terms of resistance levels, 3300–3350 is the first obstacle, followed by 3400 as a strong resistance. On the support side, attention should be paid to 3200, and if the decline continues, 3060 is a defensive level.

In terms of trading strategy, if the price rebounds to 3300–3350 but fails to stabilize, a bearish outlook should be prioritized. Conversely, if the price retraces to around 3200 and begins to consolidate sideways, consider short-term long positions to catch a rebound. But remember, once 3060 is broken, you should cut losses decisively and not wait any longer.

ETH-0.57%

BTC-0.56%

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WalletManager

· 12h ago

ETH definitely couldn't withstand BTC's attack this round. Once 3060 breaks, I really need to cut losses quickly. My own multi-signature wallet positions have long set risk parameters. My view is: if it consolidates around 3200, consider bottom fishing, but only if private key management is secure and not vulnerable to contract exploits. If the bears are so fierce and the rebound to 3350 can't hold, we still have to admit defeat. Hold on tightly to the long-term holdings. If the 3060 support level collapses, on-chain data will definitely look bad. That's when you should decisively exit.

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RektDetective

· 12h ago

ETH is getting hit again, and this time it's really tough. It feels like whenever BTC takes a breather, ETH has to fall along with it. Break below 3060 to cut losses, don't be greedy everyone. At this level around 3000, it's repeatedly pulling back. Let's wait and see if it can stabilize above 3200.

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GasFeeNightmare

· 12h ago

ETH is being suppressed again by BTC. This kind of market situation is really annoying... Break below 3060 and cut losses immediately, don't hesitate.

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Ramen_Until_Rich

· 12h ago

It dropped again and again. ETH is really struggling this time; why does it always lag behind BTC?

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OnChain_Detective

· 12h ago

ngl the pattern analysis here screams classic bear trap setup... 3060 breakdown would be the statistical anomaly that confirms the rugpull trajectory fr fr

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