On January 8th, ETH experienced a correction followed by low-range consolidation, with key support at 3120-3130 and critical resistance at 3180-3200. The strategy is primarily "buying on dips, with light short positions as an aid," and to follow the trend after breakout or breakdown.

1. Key Range and Trends

- Trend: After a large bearish candle yesterday, the lowest was 3124 today, rebounded to 3180 then fell back, currently trading sideways around 3150, with balanced bulls and bears.
- Resistance: 3180-3200 (intraday rebound high + previous support turned resistance); 3220-3250 (yesterday’s lower boundary of consolidation, bearish defense zone).
- Support: 3120-3130 (today’s low + previous support level, short-term bullish lifeline); 3070-3100 (round number + medium-term upward trend line, medium-term defense bottom).

2. Multi-Period Indicator Signals

- Daily: RSI 49.2 (neutral leaning weak), MACD red histogram shrinking, price oscillating near the 50-day moving average, medium-term slightly bullish but with weakening momentum.
- 4-Hour: RSI 44.8, MACD bearish crossover downward, green histogram expanding, price below the midline, needs increased volume to break above the midline for strength.
- 1-Hour: RSI 48.5, price stabilizing at the lower boundary of the downward channel, with short-term lower shadow showing buying interest, watch for rebound strength and volume.

3. Trading Strategies (with levels and risk control)

- Long Positions: Enter in batches at 3120-3130, stop loss at 3090, target 3180-3200, break below look for 3220-3250.
- Short Positions: Light positions attempted at 3180-3200, stop loss at 3220, target 3150-3160, break below look for 3120-3130.
- Key Risk Control: If 4-hour close drops below 3070, exit longs; if price stabilizes above 3200, stop out shorts and switch to longs.

4. Key Observation Points

- Volume: Rebound without volume is prone to pullback; only confirmed strength with volume breakout above 3200.
- Macro: Tonight’s non-farm payroll data may trigger volatility; a strong dollar could suppress risk assets, so adjust positions flexibly.