Today is January 12th.

ETH is generally trending sideways with a slight bullish bias. In the short term, it is recommended to buy on dips, with key support around 3080–3110. The upper target is near 3200; if it breaks below 3080, the outlook shifts to bearish, with support levels at 3000–2950.
1. Current Market Features
Position and Structure: ETH is currently oscillating around $3100, with strong resistance at 3150–3160 that has been tested multiple times without breaking. Short-term support is at 3080–3110, and the overall range is converging.
- Technical Indicators: The 4-hour Bollinger Bands are narrowing, with price near the middle band. MACD histogram has shifted from green to red but without increasing volume. KDJ is weak below 50, indicating a “consolidation and waiting for direction” pattern.
- Correlation: Bitcoin (大饼) is oscillating between 90000–92000. ETH’s movement is highly correlated with Bitcoin. If Bitcoin can stabilize above 90000, it will be more favorable for ETH bulls.

2. Key Levels for Long and Short Positions
Bullish Defense Levels:
3080–3110: 4-hour lower Bollinger Band + previous support zone. Falling below this suggests a weakening short-term structure, and longs should exit or reduce positions.
3000: Psychological level + dense support zone. A volume-driven break below may lead to a decline toward 2950–2900, shifting the outlook to bearish.
Bearish Defense Levels:
3150–3160: Recent high + upper Bollinger Band resistance. A volume breakout and stabilization above this could open upward space, targeting 3200–3250. Shorts should set stop-losses.
3200–3250: Previous high zone. A volume breakout here would strengthen the medium-term structure, and shorts should be cautious.

3. Today’s Trading Strategy (Short-term)
1. Long Strategy (Main Approach)
- Entry Zone: Try small long positions in batches around 3110–3080, with strict stop-loss below 3070.
- Targets: First target at 3150–3160; after breaking this, consider partial profit-taking around 3200.
- Logic: Price stabilizing at support + Bitcoin oscillating above 90000, forming a “dip-buying” sideways bullish pattern.

2. Short Strategy (Secondary Approach)
- Entry Zone: Try small short positions around 3150–3160, with stop-loss above 3180.
- Targets: Look for a decline to 3080–3100; if broken, target 3000–2950.
- Logic: Dense resistance + multiple rejections at highs, forming a “resistance-based shorting” pattern suitable for quick trades.

4. Position and Risk Management Recommendations
Keep position size around 5% of total capital, with stop-loss not exceeding 5%.