Recently, in this wave of market movements, many traders have placed short positions in the 3285-3310 range. Some have held their positions steadfastly until now, while others have taken profits in batches around 3220. The underlying difference reflects varying risk management awareness—this is how the crypto market operates. Many are willing to take profits, but only those who know how to lock in gains can survive longer.

From the current market situation, the overall strategy remains largely unchanged: it still revolves around the framework of "high-probability short positions + intraday swing longs." Why do we judge it this way? Looking at the 4-hour chart, ETH is currently in a clear range-bound oscillation. The area around 3350-3360 has repeatedly acted as a resistance zone where previous attempts to break higher failed, while 3190 provides a solid support line. The range between these two points acts like a stage reflecting market sentiment and capital flow—once broken above or below, it will send a clear directional signal.

How to operate specifically? Regarding the long side, blindly chasing the rally is not wise; it’s better to wait for clear stabilization signals before taking action. If you see a confirmed support reversal candlestick pattern (like a hammer, morning star, etc.) in the 3180-3210 zone, along with moderate volume increase, you can try a small long position. After entering, place a partial take-profit order near 3360. For stop-loss placement, a conservative approach is to set it 5 points below the closing price, which can effectively avoid being stopped out by false breakouts; traders with low leverage and small positions can adjust flexibly according to their risk tolerance.