An X user who posts under the handle Tryrex said he placed a limit short setup on Ether, pointing to a price zone where ETH has “reacted multiple times,” as shown on an 8 hour ETH USDT linear futures chart from TradingView using Bitunix data.
The chart showed ETH trading near $3,012 on Jan. 28 after rebounding from a sharp late month drop that briefly drove price down to about $2,822, a level marked as a key horizontal line.
After that low, ETH climbed back toward a highlighted resistance band around the low $3,000s, where the chart’s yellow zone sits.
Tryrex compared the ETH level he is watching to a Bitcoin retest around $90,000 to $91,000, framing it as a clean area for an entry rather than a trend call.
He also wrote that ETH can trade more “precise” levels than Bitcoin, and said he planned to watch for what he called a “sniper entry.”
On the chart, the marked short idea placed risk above the resistance area, with a red stop zone extending toward roughly $3,122.
Meanwhile, the profit area extended below the current price into the mid to high $2,700s, with the $2,822 line sitting between the two zones as a nearby reference level.
The post reflected a common derivatives approach in which traders fade repeated resistance after a bounce, then define risk above the prior reaction area.
ETH Reclaims Prior Range After Sharp Breakdown
Meanwhile, an X user who posts under the name Ezekiel, with the handle duje matic, shared a TradingView chart of ETHUSDT perpetual futures on Binance, writing “#eth” and adding, “hear me out.”
The 1 hour chart highlighted a defined trading range, with support near $2,865 and resistance around $3,069.
Earlier price action stayed inside this zone before a sharp breakdown pushed ETH into the low $2,800s.
After that drop, ETH rebounded and moved back toward the former range. Subsequent candles showed price pressing higher toward the upper boundary, suggesting a retest of the prior resistance area rather than continued weakness.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: January 29, 2026 • 🕓 Last updated: January 29, 2026
