Today ETH is trading within a narrow range (currently around $3280-$3310). In the short term, it shows a sideways to slightly bullish trend. It is recommended to focus on buying dips and selling on rallies, with strict stop-loss management.

Key Levels (January 17, 11:00, Beijing Time)

- Support: 3260-3280 (Lower Bollinger Band / Strong intraday support); 3200-3220 (Secondary defense); 3135-3150 (EMA bottom / Strong defense)
- Resistance: 3350-3360 (Upper Bollinger Band / First resistance); 3380-3400 (Psychological level / Strong resistance); 3450 (Target after breakout)

Core Strategies

- Bullish Strategy (Priority)
1. Buy on dips at 3260-3280 and stabilize (hourly candle closes positive), small position; stop-loss at 3230; target 3350-3360, break above to 3400.
2. Increase position on volume breakout above 3360 and confirmation of pullback; stop-loss at 3330; target 3400, further aiming for 3450.
- Bearish Strategy (Supporting)
1. Encounter resistance on rebound at 3350-3360 (long upper shadow / pullback after rally), small short position; stop-loss at 3390; target 3300-3310, break below to 3260.
2. Break below 3260 with hourly candle closing negative, short-term short; stop-loss at 3290; target 3200-3220, avoid fighting the trend.

Risk Control and Rhythm

- Position sizing: No single trade exceeding 20%, total position not exceeding 50%, avoid full positions in volatile markets.
- Stop-loss: Limit individual loss to within 2%, strictly enforce; exit if wrong.
- Rhythm: Focus on buying dips, avoid chasing highs; short positions only when resistance is encountered.
- Coordination: Keep a close eye on BTC movements; if BTC breaks down, ETH will likely move in the same direction.

Market Logic

- Market sentiment is neutral (Fear & Greed Index at 49), ETF continues to see net inflows, institutional funds are relatively high, ETH shows strong resilience to declines.
- Technical analysis shows Bollinger Bands contracting, MACD bearish momentum weakening, likely to accumulate between 3260-3360, with a slightly higher probability of an upward breakout.