Ethereum has recently shown a typical weak oscillation pattern on the 4-hour chart. Under this market characteristic, range trading is the correct approach.

In the short term, the 3025-3040 zone is a clear resistance area, suitable for short positions and building a position; while the 2931-2980 zone is a support area, and a rebound here can be considered for long positions. The most important thing is to strictly control position sizes, and stop-losses must be executed ruthlessly—otherwise, a reverse move can wipe out several days of gains.

The current operational strategy is very clear: focus on the two key levels at 3050 and 2950. As long as the price does not effectively break through these two points, maintain oscillation within the 2970-3035 range, with bulls and bears tugging within this zone. Our approach is to buy high and sell low quickly, take profits promptly, and avoid greed.

If we extend to the medium term (4-8 four-hour cycles), the real opportunity lies in the breakout direction. A breakout above 3050 targets 3100-3150, with the mid-term possibly rushing towards 3400+; conversely, if it breaks below 2950, first look at 2900-2880, with subsequent downside potential below 2800.

However, one thing to be cautious about—sharp rises and falls caused by breaking news are the easiest to get caught in. If you hold counter orders, do not hold on; cut losses immediately and wait for the market to stabilize before making further judgments. Although this approach might incur small losses, it can avoid the risk of liquidation.