#ETH Intraday Analysis

1️⃣ Structural Interpretation
ETH current price is around 3000, with recent price movements oscillating in the same direction as BTC under pressure. ETH broke below 3120 and remained below, indicating continued short-term weakness. My personal view is that for those holding long positions with poor entry points, the aggressive moves we discussed in the live broadcast can gradually lower the cost basis. I have been emphasizing this week that current operations should be contrarian and avoid heavy positions. Those who have made mistakes in this regard should reflect on themselves. The daily chart first shows a rebound, and during the US session, I am studying whether there are other trading ideas.

2️⃣ Capital Flow & On-Chain & Exchange Dynamics Observation
Capital flow and on-chain information: In the past 24 hours, ETH has not shown extreme outflows or inflows. Similar to BTC, there have been no significant changes in large on-chain transfers or exchange balances for ETH.
Overall judgment: There is no obvious unilateral movement in capital; ETH’s current oscillating pressure structure is mainly driven by market sentiment and linked to BTC.

3️⃣ Intraday Observation & Key Level Projection
Bearish Direction
If ETH encounters resistance near the 1st resistance zone and falls back, consider light short positions for quick trades;
Focus on the 1st support zone in USD;
Set stop-loss at the breach of the 1st resistance zone’s price level.
Bullish Direction
If ETH confirms solid support at the 1st and 2nd support zones and rebounds with increased volume, consider small long positions;
Set stop-loss at the breach of the 2nd support zone;
Target near the 1st resistance zone.

4️⃣ Risk Warning
Based on today’s capital and structural performance, the main risks for ETH today are:
Correlation downside risk: ETH’s movement closely follows BTC; if BTC continues to decline, ETH may fall more sharply in advance;
False signal risk: Rebounds or breakdowns without significant trading volume may turn into “false breakouts”;
Liquidity risk: During consolidation phases, short-term volatility may be exaggerated by thin trading volume.