Tonight, ETH is likely to fluctuate narrowly between $3200 and $3260, strongly following Bitcoin. A breakout or a breakdown of the key levels will determine the direction.

Key levels (January 6, 18:00, current approx. $3220):

• Resistance: $3260 (intraday high), $3300 round number

• Support: $3200 (becomes support after breakout), $3180, $3130

Trend analysis

• The daily chart remains bullish, the 4-hour chart shows slight bullish consolidation, with weaker upward momentum than BTC. In the short term, it mainly consolidates within a range.

• Holding above $3200 suggests continued consolidation with a slight bullish bias, with a chance to push again to $3260-$3300; losing $3200 could lead to a decline to $3180-$3130, with an extreme near $3100.

• If BTC volume-breaks above 95,000, ETH may follow upward; if BTC experiences a sharp correction, ETH could also face pressure.

Actionable strategies (short-term)

• Bullish: Light long positions at $3200-$3210, stop loss at $3170, target $3250-$3260, breakout targets $3300.

• Bearish: Light short positions at $3250-$3260, stop loss at $3280, target $3210-$3200, breakdown targets $3180.

• Position size: No more than 20% per trade, with strict stop loss to avoid chasing highs.