#ETH Intraday Analysis

1️⃣ Structure Interpretation
The upward attempt was unsuccessful, and the price has started to decline. Currently, the price is around 3200. Last week, we were quite optimistic about the support around 3120. During the offline class, I also mentioned the support issue in that area. After today’s opening, the lowest point reached 3176, still some distance from our target level.
2️⃣ Capital Flow & On-Chain & Exchange Dynamics Observation
Capital and Flow
a. As previously mentioned, there are signs of recent net inflows in mid-term ETH ETF funds (such as BlackRock ETHA and other ETFs experiencing multiple days of capital inflow), which support ETH price to some extent. However, these data usually represent the overall state of the past few trading days, not “single-day changes.”
b. Currently, verifiable information does not show obvious selling pressure or unilateral capital flow for ETH today, so today’s ETH market is relatively neutral and consolidating.
3️⃣ Intraday Observation & Key Level Projection
Bullish Ideas
• If ETH stabilizes near support zone 1 and volume increases, consider small long positions;
• Place stop-loss below support zone 1;
• Target the resistance zone 1 above.
Bearish Ideas
• If there are clear signs of resistance and reversal in zone 1 (such as upper shadow, shrinking volume), consider light short positions;
• Watch the support zone 1 in USD range below;
• Place stop-loss below support zone 1 break.
4️⃣ Risk Warning
Based on today’s capital and structure performance, the main risks for ETH today are:
Linked downside risk: If BTC drops below the lower range, ETH usually reacts earlier and drops more significantly;
Fake breakout risk: During range oscillation, if ETH breaks above or below without volume confirmation, it may fail quickly;
Oscillation volatility risk: When ETH’s trading volume is not very active, there is a higher risk of price oscillation within the range.