#ETH Intraday Analysis

1️⃣ Structural Interpretation: Ethereum is currently oscillating around 3150. From the market perspective, ETH has not shown a clear decline following BTC; instead, it has maintained its upper support after facing pressure. Although the upward momentum is not strong, the rebound rhythm is more stable compared to Bitcoin. The current structure can be understood as: facing resistance above, but the trading support remains intact, with no obvious signs of a unilateral breakdown.
2️⃣ Capital Flow, On-Chain, and Exchange Dynamics Observation
Capital Flow: Short-term ETH ETF and institutional capital flows have not shown significant explosive changes; overall participation remains consistent with previous days. On-Chain Dynamics: No significant selling pressure signals are observed on the chain; holders' attitudes are relatively stable. Exchange Liquidity: ETH inflow/outflow on exchanges is relatively neutral, indicating that short-term price fluctuations are mainly driven by existing positions rather than concentrated capital withdrawals. Overall, capital attitude remains steady without large-scale disruptive behavior.
3️⃣ Intraday Observation and Key Level Projection
Bullish Strategy: Conservative traders can observe the support at level 1; if it breaks downward, consider entering at level 2. Place stop-loss at the breakdown of level 2 support; initial target can be the resistance at level 1. Aggressive traders who entered last night can consider holding their positions, adding on dips at level 2 support, but avoid over-leveraging or aggressive chasing.
4️⃣ Risk Alerts
Unsteady Rebound Risk: Although ETH support remains, upward pressure is still evident, and a “weak rebound leading to resistance and pullback” scenario may occur. Downside Correlation Risk: If BTC triggers a sharp decline, ETH’s adjustment is usually amplified. Fake Breakout Risk: ETH may occasionally experience false breakouts during oscillations; caution is advised when chasing high.