Hello everyone, I am Brother Niu. I’ve carefully reviewed the 1-hour chart of Ethereum#美联储回购协议计划 ETH(. The market signals are quite interesting; let’s analyze them together.
Currently, the price is hovering around 2970 yuan, right along the middle line of the Bollinger Bands. Looking upward, the 3000 level indeed presents significant resistance — it’s not only a psychological barrier but also a solid technical resistance. Looking downward, the 2940 to 2950 range is holding relatively steady; multiple dips have not broken below, indicating support below.
From an indicator perspective, both the MACD fast and slow lines are above the zero axis, giving the bulls a slight advantage. The problem is that the red histogram is shrinking continuously, showing that upward momentum is clearly weakening. Trading volume has not increased much either; the entire market is in a semi-dream state, with funds still observing.
So, this is a typical consolidation phase — it’s hard to go up, and hard to go down. To break upward convincingly, the price must volume-ably break and hold above 3000. To move downward, it needs to first break through the 2940 support level.
Based on this analysis, Brother Niu offers two trading strategies.
**For traders optimistic about the market**: Those with a higher risk appetite can try entering long positions with small positions when the price retraces to the 2940-2950 range. Set stop-loss below 2920. The initial profit target can be around 2990; if a breakout occurs, then see if it can push toward 3000-3020.
**For those looking to short**: Patience is key. Only consider short positions if the price truly breaks below 2920 support. Entry can be around 2900. Set a stop-loss above 2940 as insurance. The initial downside target is 2880, with a chance to aim for 2860 later.
In summary: The market direction is still uncertain. Don’t rush into heavy positions for quick gains. Wait for the price to clearly establish a direction — if it breaks up, go long; if it breaks down, go short. Regardless of the side, stop-loss is essential, and position size should be controlled. There are many opportunities in the market; the key is to protect your capital so you can keep playing.
I am Brother Niu, let’s continue to steadily and securely make moves in the crypto space.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
FudVaccinator
· 4h ago
Bro, your analysis this time is quite detailed, but I feel like we're all waiting for that confirmed signal.
---
2970 has been oscillating for so long, I think it's better to stay patient and not get caught up in the hype.
---
The shrinking of the red柱 is a problem; this kind of half-dead market is most prone to liquidation.
---
Only break below 2920 to short; this logic is sound, just need to be patient.
---
Preserving the principal is the key; those who chase highs and sell lows every day are all just weeds.
---
At the 3000 level, it feels like without a surge in volume, it can't break through.
---
Both sides have opportunities; it depends on who can take the lead first. Acting too aggressively now might just get you cut.
View OriginalReply0
0xSoulless
· 12-26 10:40
Another set of the usual 2940-2950 range, do they really think traders have no memory? How did they get cut last time when they said this?
View OriginalReply0
FlashLoanPhantom
· 12-26 10:35
Brother Niu's analysis this time is still solid, just waiting for a clear direction.
---
The 3000 hurdle is indeed a bit tough; without increased volume, it's probably hard to break.
---
Watching with USDT in hand, waiting for a signal before acting.
---
Damn, it's another oscillation, I really dislike this half-dead market.
---
Stop-loss needs to be set properly; this is a painful lesson, everyone.
---
The 2970 level is really awkward, both sides are tightly blocked.
---
I think it's better to wait until it breaks below 2920 before considering shorting. Entering long now feels a bit risky.
---
The shrinking trading volume indicates waiting for a major event, funds are too cautious.
---
Wow, only this much movement in a week, really boring.
---
Like this, objective analysis feels comfortable to watch, without too much repetitive chatter.
View OriginalReply0
memecoin_therapy
· 12-26 10:34
Brother Niu, this analysis is a typical "I don't know whether it will go up or down," haha. The funny thing is, the data really is like that.
Range-bound trading just gives money to stop-losses. I choose not to play.
The 3000 level looks easy, but when it really pushes through, it’s nerve-wracking.
Wait, will the Federal Reserve's repurchase program really affect the coin price, or is it just an excuse again?
View OriginalReply0
MoonWaterDroplets
· 12-26 10:29
Brother Niu's analysis this time is spot on. I really like this straightforward style that doesn't pretend.
Wait for the breakthrough before taking action. That's the key to lasting longer in the crypto world.
Holding at 2970 without moving is indeed uncomfortable... but I'm even more annoyed by friends who go all-in with full positions.
The 3000 barrier, if it can't be broken through, will have to be retested, as usual.
Stop-loss is a boring topic, but it can really save your life.
Brother Niu is right. The market is like this, mainly observe, and don't mess around blindly.
View OriginalReply0
ShibaOnTheRun
· 12-26 10:25
Brother Niu, this analysis is really spot on, but I still think it's too early to enter now.
Let it fluctuate within the range, don't rush to catch the bottom.
The 3000 level depends on trading volume; if the volume can't pick up, it's all fake.
View OriginalReply0
ETHmaxi_NoFilter
· 12-26 10:15
Brother Niu's analysis this time is really on point; the 2940-2950 level is truly a deadlock, and waiting and watching is the best strategy.
---
Another volatile period, I hate this half-hearted market, both bullish and bearish sentiments are just wishful thinking.
---
Heavy position fanatic has been eliminated, light positions are more comfortable to live with, Brother Niu is right.
---
If I can't break through 3000, I'll just go to sleep; anyway, it's not a big difference.
---
Stop loss? It's been set long ago, let's see how ETH handles it.
---
Friends still hesitating, wake up; no direction means no opportunity, don't follow the crowd.
---
Once 2920 is broken, it gets interesting below; right now, it's just a waste of time.
---
Protecting the principal is priceless; many people fail because of greed.
Hello everyone, I am Brother Niu. I’ve carefully reviewed the 1-hour chart of Ethereum#美联储回购协议计划 ETH(. The market signals are quite interesting; let’s analyze them together.
Currently, the price is hovering around 2970 yuan, right along the middle line of the Bollinger Bands. Looking upward, the 3000 level indeed presents significant resistance — it’s not only a psychological barrier but also a solid technical resistance. Looking downward, the 2940 to 2950 range is holding relatively steady; multiple dips have not broken below, indicating support below.
From an indicator perspective, both the MACD fast and slow lines are above the zero axis, giving the bulls a slight advantage. The problem is that the red histogram is shrinking continuously, showing that upward momentum is clearly weakening. Trading volume has not increased much either; the entire market is in a semi-dream state, with funds still observing.
So, this is a typical consolidation phase — it’s hard to go up, and hard to go down. To break upward convincingly, the price must volume-ably break and hold above 3000. To move downward, it needs to first break through the 2940 support level.
Based on this analysis, Brother Niu offers two trading strategies.
**For traders optimistic about the market**: Those with a higher risk appetite can try entering long positions with small positions when the price retraces to the 2940-2950 range. Set stop-loss below 2920. The initial profit target can be around 2990; if a breakout occurs, then see if it can push toward 3000-3020.
**For those looking to short**: Patience is key. Only consider short positions if the price truly breaks below 2920 support. Entry can be around 2900. Set a stop-loss above 2940 as insurance. The initial downside target is 2880, with a chance to aim for 2860 later.
In summary: The market direction is still uncertain. Don’t rush into heavy positions for quick gains. Wait for the price to clearly establish a direction — if it breaks up, go long; if it breaks down, go short. Regardless of the side, stop-loss is essential, and position size should be controlled. There are many opportunities in the market; the key is to protect your capital so you can keep playing.
I am Brother Niu, let’s continue to steadily and securely make moves in the crypto space.