January 22 ETH Technical Overview (as of 12:00, price approximately 2940)

- Conclusion: Daily chart is bearish, 4H oscillation is weak, range 2880-3000. Wait for a breakout to determine direction, strictly control position size.
- Key levels: Support at 2880-2900, 2850; Resistance at 2980-3000, 3050-3080.
- Strategy: Focus on high sell and low buy, lighten positions on breakouts, follow the trend, avoid chasing rallies or selling in panic.

Core Indicators and Patterns

- Daily: Consecutive bearish candles, Bollinger middle band downward, RSI<40, bears dominate; holding steady at 2880-2900 may see a weak rebound.
- 4H: Range 2880-3000, moderate volume, clear oscillation characteristics, no clear trend.
- RSI: Daily below 40, 4H oscillates between 40-50, no overbought or oversold signals, balanced bulls and bears.
- Moving Averages: Daily short-term MA resistance above 2980-3000, strong resistance at 3050-3080.
- Support: 2900 (short-term), 2880-2900 (yesterday’s low + key support), 2850 (weekly key level).

Trading Strategies

1. Oscillation Strategy: Short positions on rebounds to 2980-3000, stop loss at 3020, targets 2920, 2880.
2. Pullback Strategy: Light long positions on retracement to 2880-2900, stop loss below 2850, targets 2950, 2980.
3. Breakout Strategy: Go long if above 3000 with a stop at 2970, targets 3050, 3080; go short if below 2880 with a stop at 2900, targets 2850, 2820.

Risk Management Points

- Single position ≤ 5%, stop loss 1.5%-2%, avoid heavy positions in volatile markets.
- Coordinate with BTC; if BTC breaks down, ETH may experience amplified volatility. Prioritize observation or reduce positions.