Sideways trading is not scary; not knowing how to trade is the real danger—My intraday ETH trading strategy

ETH has been hovering around $2,300 for a day. Some find it boring, but I see it as a good opportunity to "harvest wool." In a volatile market, chasing highs and selling lows is the fastest way to lose money, while range trading is a relatively stable strategy. Below, I share my specific trading ideas for today for your reference; this does not constitute investment advice.

First, define the range. Using the 4-hour candlestick chart, it’s clear that ETH has formed a definite support and resistance zone over the past 48 hours: support is around $2,280–$2,285, tested four times in the past three days without a successful breakdown; resistance is around $2,325–$2,330, also a level where price has repeatedly surged and fallen back. So, my core range is $2,280–$2,330, with a width of $50.

Based on this range, my strategy is “buy on the lower edge, sell on the upper edge,” but with strict risk control.

Long plan: When ETH price retraces to the $2,285–$2,290 zone, I will open a small long position, with a stop loss at $2,275 (exit if it breaks below the previous low), and take profits in two stages: first target at $2,315, second at $2,325. The risk-reward ratio is about 1:3 to 1:4, which is quite favorable.

Short plan: When ETH rebounds to the $2,325–$2,330 zone and shows signs of stagnation (such as an upper shadow or decreasing volume), I will consider opening a short, with a stop loss at $2,345, and take profits at $2,300 and $2,285.

What if it breaks out? This is critical. If the price breaks through $2,335 with volume (preferably a 15-minute candlestick closing above the body), I will abandon the short and switch to watching, waiting for a retracement confirmation before going long again. If volume drops and it breaks below $2,275, I will also abandon the long and avoid bottom fishing. In a sideways market, the worst thing is to "guess the breakout"; always wait for confirmation signals before acting.

Additionally, today I placed a bet on the $2,300–$2,350 range on Polymarket, because on-chain data shows solid support below, and the probability of closing below $2,300 is relatively low. Of course, this is just a probabilistic judgment, so I’ve limited my trading position to about half of my usual size, since certainty in a sideways market is lower than in a trending market.

Finally, a reminder: making money in a sideways market depends on discipline, not prediction. Strictly stick to stop losses, avoid holding positions blindly, and don’t open trades just because you "feel it’s going up." Wishing everyone smooth trading today!

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