2026-01-19 04:21:40

Ethereum is now worth paying attention to. From a technical indicator perspective, the EMA120 around 3317.49 has formed a slow upward support line, which helps stabilize the short-term price. Looking further down, the previous low of 2620 is a very strong support—this level has been tested several times in history, indicating that institutions and long-term holders are defending it.

From the high of 4754 down to now, the decline is nearly 32%. According to market cycles, the demand for a rebound and correction is still quite strong. The key is the MACD; the DIF is currently above the DEA (61.84 vs. 54.58), and the histogram is still positive, indicating that the medium-term bullish momentum has not dissipated.

Overall, ETH indeed has a chance to go long at this position. But as always, manage your risks well. Good technical signals do not guarantee a rise, and the market always has surprises.

ETH-3,89%

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WhaleSurfer

· 17h ago

This data looks good, but I still have to wait and see. The last time I was optimistic, it also fell very badly.

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blocksnark

· 17h ago

Is it another technical analysis that looks good and solid? I have to ask—when was the last time I said this? After a 30% drop, everyone started talking about a rebound demand. Honestly, I feel tired of hearing that. Can the low point at 2620 really hold? To be honest, I don't quite believe it.

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zkProofInThePudding

· 17h ago

The institution is firmly guarding the 2620 level, it seems they are also betting on a rebound. --- MACD still has momentum, but I trust the 2620 line more; only a break below it would be truly concerning. --- A 32% decline, the rebound probability is indeed not low, but who can say for sure about this wave of market? --- EMA120 is supporting, sounds good, but I'm just worried about another black swan crashing through. --- Going long is okay, but don't go all in; this market has too many tricks. --- The technicals are all turning red, but I always feel something's about to go wrong... --- The institution guarding 2620 indicates they are still bullish; follow-up actions should be cautious. --- Under the guise of a rebound correction, it's really just hoping for someone to take over, haha. --- DIF above DEA looks pleasing, but let's see how long it can hold up.

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MEVHunterZhang

· 17h ago

You must hold the line at 2620, or you'll get beaten again.

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Layer2Observer