In the past two trading days, Bitcoin and Ethereum have maintained a sideways pattern, and the market is in a consolidation phase.
From a technical perspective of Ethereum, if the price can effectively break through the resistance zone of 3168-3188, it is expected to continue upward. Conversely, below, there have been multiple attempts to test the support around 3065, but the 3000 psychological level has not been broken, indicating decent defense. Once it falls below, it may face greater adjustment pressure, and the trend could become quite passive.
SOL and Bitcoin are also in an observation period, waiting for clear breakout signals. Currently, the market lacks a strong unilateral trend, with more repeated tests at key levels.
Next, we will continue to monitor the performance of various cryptocurrencies at these key price levels, with regular updates on market analysis data from Monday to Friday.
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DeFi_Dad_Jokes
· 23h ago
Consolidation is really annoying, just waiting for a breakout signal
It's another observation period, I'm tired of hearing this term
Holding the 3000 level is good enough, don't ask me why I'm so pessimistic
Let's see if 3168 can move a bit, been holding it in for too long
When will SOL make a move? Waiting like this is too sluggish
Just testing the waters, the market is a bit boring
Let's see the data on Monday, hope for some new surprises
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NFTBlackHole
· 01-11 16:46
Consolidation is so frustrating, just waiting for a clear signal someday
This 3000 level is really stubborn; whether it breaks or not, it's just lingering
It would be great if ETH could surge to 3188, but now it's just a gamble on whether it can
Let's wait and see; anyway, it can't run away. Check the data again on Monday
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StealthDeployer
· 01-11 16:40
Sideways accumulation, this rhythm is indeed quite torturous.
Waiting for 3168 to break, let's see then.
The 3000 level feels like it can hold, as long as it doesn't fall below.
Artificial intelligence won't make money; it still depends on technical analysis.
When will SOL and BTC give a clear signal? I'm a bit tired of waiting.
I think we're in a testing phase right now; don't act recklessly.
If this accumulation wave can push through, that would be great. Still observing.
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GmGnSleeper
· 01-11 16:38
It's been sideways for so long, when will there be a big move? I'm almost falling asleep waiting for it.
3000 is a psychological barrier, but I bet it will break down, so I'm going to take a contrarian position.
The second pancake has got me confused. Should it go up or down?
The observation period is just waiting for a breakout, but the question is, who will the breakout benefit?
This tight-fisted pancake is not as good as scrolling through Twitter.
In the past two trading days, Bitcoin and Ethereum have maintained a sideways pattern, and the market is in a consolidation phase.
From a technical perspective of Ethereum, if the price can effectively break through the resistance zone of 3168-3188, it is expected to continue upward. Conversely, below, there have been multiple attempts to test the support around 3065, but the 3000 psychological level has not been broken, indicating decent defense. Once it falls below, it may face greater adjustment pressure, and the trend could become quite passive.
SOL and Bitcoin are also in an observation period, waiting for clear breakout signals. Currently, the market lacks a strong unilateral trend, with more repeated tests at key levels.
Next, we will continue to monitor the performance of various cryptocurrencies at these key price levels, with regular updates on market analysis data from Monday to Friday.