2026-01-20 01:24:56

Recently, I've been watching ETH's daily chart and noticed that the MACD has clearly formed a death cross. Although it is still above the zero line, this signal is hard to ignore—the pullback demand is now evident, and the red energy bars are multiplying and expanding.

The previous expectation of a continued rally to 98,000 has now basically failed. If the decline continues into noon, we can almost confirm that there will be no reversal this week. However, we also need to be cautious of false signals.

ETH's recent movements are indeed frustrating. How to put it, both bullish and bearish sides are playing a fake-out—either a late rally or a sudden dip, with very aggressive trap setups. The market tactics are far from clean, full of various traps.

From a technical perspective, it is entirely possible for the price to test 2960 this week. Whether this level will become support depends on the subsequent volume performance.

ETH-6,81%

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ChainMemeDealer

· 01-20 01:54

A death cross is a death cross, anyway I'm being fooled every week whether to go long or short. ETH's nature, really needs to be cautious of pump-and-dump tactics. See you at 2960, either a rebound or a further drop.

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BuyHighSellLow

· 01-20 01:35

Oh my, I got scammed again. This broken market really isn't clean at all. I'm honestly sick of this ETH wave, it's a rollercoaster of bulls and bears. It's hard to say whether we'll see 2960 or not; anyway, I've been washed out.

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PhantomHunter

· 01-20 01:29

Bull traps and bear traps keep coming one after another. This wave of ETH really got me stumped.

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BlockchainTherapist

· 01-20 01:28

It's the same dead cross trap again, I'm already fed up with this. --- But the 2960 level is indeed worth watching; we need to see the volume confirm. --- ETH is really frustrating, the fake signals are especially harsh. --- The MACD dead cross is nothing new; the key is how the main players play it. --- If it drops during lunchtime, it's really game over; then we can pick up bargains later. --- That rally at the end of the session was definitely a trap again, hard to defend against. --- If 98,000 is gone, it's gone; anyway, the pattern is always the same. Keep going and see what happens.

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