January 13

ETH is generally bullish, but there is obvious resistance above. It is recommended to mainly buy on dips and take advantage of rebounds for short-term trading, avoiding chasing highs or panic selling.
I. Current Market Characteristics
- From the 4-hour timeframe, ETH remains within an upward channel, with Bollinger Bands opening upward. The middle and upper bands are moving in sync, indicating a continued short-term bullish trend.
- On the 1-hour timeframe, after a series of downward tests, there was a rebound with three consecutive bullish candles. The price is continuously testing the upper band resistance. The upward channel has been established, but there is significant selling pressure above, forming a "bullish with some bearishness" oscillating upward pattern.

II. Key Level References
- Support levels: 3100, 3066, 3050, 3020 (breaking below indicates short-term weakness)
- Resistance levels: 3170, 3206, 3249, 3280 (breaking above opens up greater space)

III. Trading Strategy
1. Primarily long:
- Aggressive: If the price stabilizes around 3100 after a dip, consider light long positions
- Conservative: Wait for a dip and stabilization around 3080, then add to longs in batches, with a stop loss below 3020
2. Supplement with short positions:
- If the rebound faces resistance near 3170, consider light short positions, with a stop loss above 3206, targeting 3127 and 3100.
IV. Risk Reminder
- The current market sentiment is bullish, but RSI is approaching overbought territory. Be alert to potential pullbacks and shakeouts.
- It is recommended that single-position size does not exceed 5% of total funds, and strict stop-losses should be set to avoid sudden rapid rises or drops during oscillations.