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【ETH Today Market Brief】
The market shows a pattern of rising then pulling back, making turning points likely at high levels. The current trading strategy is mainly to go short on rallies, shorting when there is a rebound.
**Key Support and Resistance Levels:**
Upper Resistance: 3363→3394→3426→3446→3473 (possibly up to 3481)
Mid-range Focus: 3341, 3315 area (around 3307)
Lower Support: 3282, 3272, 3252, 3225, 3207 (below there is also 3195)
**Trading Framework:**
Overall, the price is fluctuating within the 3398-3177 range. If the price closes above 3380-3424, all long positions should be exited, as the price may continue to rise; conversely, if the price drops below 3207-3170, long positions should be closed, indicating the upward momentum has exhausted. Once the level of 3207 or 3177 is broken, this upward trend will be over.
**Segmented Trading Suggestions:**
- Consider long positions in the 3252-3220 range
- Short positions are suitable in the 3430-3460 range
**Additional Observations:**
Keep a close eye on the 947-945 threshold, as it is very critical. Watch for resistance at 982-992 above. The current situation is very sensitive—breakouts above continue upward, breaks below continue downward. The correlation between Bitcoin and Ethereum is moderate, but their coordination determines the subsequent direction.
※ Risk Reminder: Be sure to control your position sizes and avoid holding onto positions that you cannot withstand.