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12.8 Midday Market View: ETH Trends and Strategies
On the hourly level, if ETH holds above the 3150 support, consider entering short positions.
Key resistance is at 3160; if it holds above this, look for 3200-3250;
On the downside, watch the 3100 support; if it breaks, look toward 2957-2903.
The current market is in a low-volume consolidation phase with limited trading opportunities. It is recommended to observe more and act less, waiting for key level breakouts.
Trading reminder: All strategies require volume-confirmed breakouts or breakdowns before following, to avoid entering too early. In choppy markets, set strict stop-losses and control position sizes. Remain on the sidelines until key levels are broken to reduce ineffective trades.