January 10th Price Level Analysis:

ETH is generally oscillating and weak, with short-term strategies leaning more towards high selling and low buying, and it is not recommended to heavily bet on a single directional move.

The current price is repeatedly testing around $3080. The main intraday range is between 3130–3160 on the upside and 3050–3080 on the downside. Trading should focus on buying low and selling high within this range, with strict stop-loss management.

I. Current Market and Technical Structure

1. Price and Range: Currently, the price is oscillating around the round number of $3080. The area between 3130–3160 is the recent rebound high zone, and 3050–3080 is the short-term support zone. Overall, it is at the end of a converging triangle, with volatility compressed to the extreme, representing a typical “calm before the storm” pattern.
2. Moving Averages and Bollinger Bands: Short-term moving averages (MA7, EMA7) and mid-term moving averages (MA30, EMA30) are highly converged in the 3050–3080 range. The price has tested this area multiple times for support, indicating high cost concentration for both bulls and bears. Once a direction is chosen, volatility will significantly expand.
3. MACD and Momentum: The 4-hour MACD is operating below the zero line, but the DIF and DEA difference is narrowing, and the histogram is weakening, showing a “top divergence” pattern. This indicates weakening upward momentum but has not yet confirmed a reversal to a downtrend. It is more a sign of high-level consolidation and oscillation.

II. Key Levels for Bulls and Bears & Trading Strategies

1. Bullish Approach (Mainly low buying)

- Entry Zone: 3050–3080, gradually add long positions, with stop-loss below 3000.
- Target Levels: First target at 3130–3160; after breaking through, look for 3200–3250.
- Rationale: This area is where the Bollinger lower band and short-term moving averages are densely packed, serving as the starting platform for this round of rally. It is a core defensive zone for bulls. A break below indicates a weakening short-term structure.

2. Bearish Approach (Mainly high selling)

- Entry Zone: 3130–3160, gradually attempt short positions, with stop-loss above 3200.
- Target Levels: First target at 3080–3050; if broken, look for 3000–2950.
- Rationale: 3130–3160 is the resonance pressure zone of previous rebound highs and the upper Bollinger band. Multiple attempts to push higher and then fall back make it an ideal position for bears to counterattack.

III. Risk Tips and Positioning Advice

1. Currently at the end of a high-level oscillation, volatility can expand at any time. Heavy single-position bets carry high risk. It is recommended to adopt a light, phased approach with strict stop-loss enforcement.
2. MACD top divergence is still fermenting. If the price cannot volume-break through 3160 and instead falls below 3050, a deep correction may begin. In such cases, long positions should be promptly stopped out to avoid holding onto losing trades.