January 8, 2026, intraday oscillation downward, bears are dominant.

1. Core Long/Short Judgment

- Key level: 3180, stabilize above to turn bullish; below it, follow the trend downward, avoid blindly bottom-fishing.
- The major cycle (daily chart) bullish trend remains intact, but short-term bearish signals are evident, correlated with Bitcoin weakening.

2. Key Price Levels (Resistance/Support)

- Resistance: 3140-3180 (former low turned resistance + rebound high), 3220 (strong resistance).
- Support: 3089 (intraday low), 3000-3050 (strong support zone).

3. Trading Strategies (Two Approaches)

- Short positions (follow the rebound trend)
- Entry: 3140-3180, scale in with small positions.
- Stop-loss: above 3220 (around 3230).
- Targets: 3100 → 3050, break below watch 3000.
- Long positions (stabilize and seek rebounds, cautious)
- Entry: 3050-3089, add upon volume stabilization.
- Stop-loss: below 3000 (around 2980).
- Targets: 3130 → 3180, reduce positions near resistance.

4. Risk Control Points

- Position size: ≤20% of a single asset, try small positions to test, avoid heavy holdings.
- Stop-loss: strictly enforce, do not hold onto losing positions, prevent linked volatility.
- Signals: wait for daily long lower shadow/wide volume breakout above 3180 before turning bullish, avoid contrarian bottom-fishing.
- Linkage: keep a close eye on Bitcoin support at 89500, its movement influences ETH sentiment.

5. Market Outlook

- If volume breaks below 3089, look towards 3000-3050; if it stabilizes above 3180, expect a rebound to 3220.
- Short-term focus on macro data (such as CPI, Non-Farm Payroll), volatility may increase, prepare for risk management.