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Ethereum Latest Market Analysis + Support and Resistance Levels Sharing!!! #ETH $ETH
🦅 Fish Fish Morning Briefing: 2785 Hunt Completed, V-Shaped Reversal Testing "Resistance"!
Current Time: January 26, 09:27 ETH Current Price: 2871 (Attempting to Break 2880)
Latest Situation Deep Dive:
Hellish Shakeout (2785): Just now hit a low of 2785, which means the main force has completed a textbook "Bear Trap". Falling below 2800 to lure sellers, sweeping out long stop-losses, then quickly recovering. The long lower shadow on the 15-minute chart is evidence.
V-Shaped Reversal: Look at this 15-minute chart, the price quickly rebounded from 2785 to 2871, nearly a $100 bounce. MACD has already formed a golden cross below the zero line and turned red, indicating extremely strong short-term bullish momentum, performing a revenge rally.
Approaching the City (Key Resistance): The most critical levels now are 2877 - 2880. The yellow-marked Target 1 (2879) and short-term resistance (2877) are right overhead.
If it holds above 2880: It indicates that 2785 was a false breakdown, and the market will test 2920.
If it faces resistance and falls back: This is a classic "breakdown and retest confirmation," and a second bottom may follow.
1. Support and Resistance Levels (Based on the 2785 Low Correction)
🟢 Short-term support (1-3 days, intraday)
2852: Immediate support. The small platform just broken on the 15-minute chart. If this V-shaped rebound is not cut short, the pullback should not break below this level.
2820: Strong support. The green support zone marked on the chart.
2785: Intraday bottom (today's low). The confirmed absolute bottom just now. Falling below this indicates V-shaped reversal failure, targeting 2750.
🔵 Mid-term support (1-2 weeks, swing)
2750: The lower limit support line on the chart.
2600: Weekly chart major bottom.
2520: Bull market initiation point.
🔴 Short-term resistance (1-3 days)
2879 - 2890: Core resistance (life and death line). The overlap zone of Target 1 and the previous critical support line. This is currently the most difficult obstacle for bulls.
2904: Target 2 on the chart.
2958: Short-term resistance shown above.
🟠 Mid-term resistance (1-2 weeks)
3000: Psychological integer level.
3180: Top of the range.
3300: Swing target.
2. Overall Analysis and Best Entry Strategy
Overall View: The current level at 2871 is in the "V-reversal pressure battle" zone.
Bullish Logic: Successful test of 2785 bottom, momentum on the 15-minute level is upward. If it can pull back to 2850 without breaking, short-term continuation of rebound is possible.
Bearish Logic: Although the rebound is strong, the main trend (1-hour/4-hour) still indicates a breakdown below 2880. Shorting in the 2880-2890 area aligns with the major trend resistance level.