#ETH Intraday Analysis

1️⃣ Structure Interpretation: Ethereum still follows Bitcoin's rhythm today. The highest point reached 3380. There is still some space above towards the 1st resistance zone. For those who have long positions at the bottom, it is advisable to consider reducing some of the holdings. Be patient and wait for the market to pull back before adding more.

2️⃣ Capital Flow & On-Chain & Exchange Dynamics Observation
Capital and on-chain dynamics: Data shows that ETH has not experienced significant unilateral capital inflows or rapid outflows in the past 24h. Large investors and capital participation remain stable; ETH balances on exchanges have not changed much, and there is no concentrated accumulation or selling pressure on-chain. Short-term capital flow is relatively neutral.

3️⃣ Intraday Observation & Key Level Projection
Bullish perspective: If ETH can return to support zone 1 and see increased volume, consider small long positions; set stop-loss at support zone 1 break below; target the 1st resistance zone above, with an ultimate target at the 2nd resistance zone for now. Bearish perspective: When encountering clear resistance at the 2nd resistance zone above, consider short positions with small size; target is TBD; set stop-loss at the break below the 2nd resistance zone.

4️⃣ Risk Warning
Based on today's capital and structure performance, the main risks for ETH include:
Correlation risk: Most ETH sentiment still follows BTC. When BTC shows a clear downward trend, ETH often adjusts more significantly. Fake breakout risk: During consolidation phases, short-term breakouts are often unstable and may trigger false signals of pullback. Volatility risk: ETH tends to have higher volatility than BTC during range-bound movements, which may lead to large fluctuations in a short period.