Detailed analysis of Ethereum trends and stable trading suggestions for January 21st:

Ethereum short positions were closed out perfectly multiple times yesterday, showing a clear bearish trend on the four-hour chart, with the price consolidating around 2950. Strong resistance lies at 3000-3050, while key support is at 2920-2900. Technical indicators are bearish, indicating insufficient upward momentum. Analyzing the four-hour Ethereum price trend, the daily candlestick chart shows a rapid drop from a high of 3282.77 to 2960.3, forming consecutive bearish candles followed by a slight rebound, showing an overall weak pullback trend. On the four-hour chart, the price has consolidated after the sharp drop, currently showing a small-bodied candlestick with relatively long upper and lower shadows, indicating a temporary balance between bulls and bears. Both the daily and four-hour MACD are below the zero line, with the DIF and DEA continuing to diverge downwards, but showing signs of decreasing volume in the short term, potentially entering a consolidation phase. The four-hour RSI is 23.9, approaching oversold territory, suggesting a potential technical rebound; however, the daily chart remains weak, with no clear divergence signals. The EMA price is currently trading below the EMA7, EMA30, and EMA120 moving averages, and the moving average system is in a bearish alignment. EMA7 (3007) is providing short-term resistance. Key support levels are 2920-2900 (intraday starting point + previous consolidation lower edge) and 2880-2780 (strong medium-term support). A break below 2920 would confirm a failed rebound and open up further downside potential. Key resistance is 3000-3050 (the dividing line between bullish and bearish sentiment). Ethereum (ETH) conservative recommendation (January 21st): Consider entering long positions around 2970-2990, with target levels of 2940-2900-2880, and a further target near the previous low of 2770 if a pullback occurs. This strategy is time-sensitive; implementation will primarily rely on free guidance.