ETH price experienced extreme volatility on January 8, 2026. Last night's market action indeed unfolded as expected, and the chart has clearly entered a correction mode. The current key is to find a new support level; today's trading strategy can focus on a single core level.

From the 4-hour timeframe, bullish opportunities: as long as this 4-hour candle continues to decline, the key is not to break below the lows of the previous two candles when closing—ideally, hold above the 3150 level. You can try a small long position, with a stop-loss set at the bottom of the candle. The short-term bullish approach targets 3360, using a phased take-profit strategy, raising the stop-loss each time to protect profits—take the gains when favorable.

The logic for short positions is as follows: once the 4-hour candle closes below 3150 or directly breaks the lows of the previous two candles, wait for a second retest to find a high shorting opportunity. Each time a lower high is formed, tighten the stop-loss to lock in profits. The phased take-profit levels below are 3100, 3050, 3000, 2920, 2880, 2850, 2820, 2780—take profit at whichever level is reached.