January 1st ETH Technical Analysis (As of 12:16, Price approximately $2,960)

Core Judgment: Daily oscillation slightly bearish + 4-hour neutral + hourly weak bullish; during the holiday with low liquidity, focus on the $2,940–$2,990 range, with key levels at $2,980 and $2,940.

Key Price Levels (USD)

- Resistance: $2,980–$3,000 (4-hour upper band + integer level) → $3,075–$3,110 (medium-term resistance zone) → $3,150 (previous high)
- Support: $2,940 (intraday weak support) → $2,915–$2,920 (4-hour lower band) → $2,830 (medium-term support) → $2,750–$2,700 (strong support consensus zone)

Indicators and Patterns

- Daily: Facing resistance at the 30-day moving average, RSI≈47 (neutral), MACD death cross shrinking, downward momentum weakening but no bullish reversal signal
- 4-hour: Consolidating with upper band at $2,980 suppression, lower band at $2,940 support; RSI neutral, no clear direction
- Hourly: RSI leaning bullish, MACD slight golden cross, limited short-term bullish momentum, easily influenced by liquidity

Trading Strategy (Actionable)

- Short-term (Intraday): Range trading—buy low and sell high within the range. Partial longs at $2,940–$2,950, stop-loss at $2,930, target $2,980; light short positions at resistance near $2,980, stop-loss at $3,000, target $2,950; single position ≤10%, quick in and out
- Mid-term (1–2 weeks): Build positions gradually at $2,915–$2,950, total position ≤30%; maintain support at $2,830, reduce holdings if broken; after stabilizing above $3,000, add positions, target $3,075–$3,110; risk management with final stop-loss at $2,750