#以太坊大户持仓变化 January 7th Midday Market Analysis

From a technical perspective, $ETH currently maintains a high-level oscillating and slightly bullish trend. After reaching a recent high, the price has been consolidating sideways in the upper region, supported by the middle band and moving averages that are gradually shifting upward. However, it faced clear resistance around the 3300 level. In the short term, the rhythm presents a dual opportunity—both the potential for upward movement and the risk of a pullback should be considered.

Looking at the Bollinger Bands, the situation is as follows: the upper band is near 3296, the middle band is around 3246, and the lower band is at 3196. The bands are in a converging phase, with the price oscillating between the upper and middle bands, which are both moving upward and providing support. A key judgment point here is—if the price pulls back to the middle band but does not break below it, it still belongs to a strong oscillation; once it falls below the middle band, attention should be paid to whether the lower band can hold.

The MACD indicator's performance is worth noting. The red bars above the zero line have shown repeated fluctuations after decreasing in volume, and the fast and slow lines are closely aligned at high levels, reflecting a slowdown in bullish momentum. This indicates that the market is in a short-term correction phase, waiting for a new volume increase to confirm the direction.

From an operational perspective, two strategies are outlined:

**Long (Buy on dips) logic**
Entry zone set between 3205-3180, targeting 3250-3320, with a stop-loss below 3160.

**Short (Sell on rallies) logic**
Entry zone between 3295-3320, targeting a pullback to 3220-3170, with a stop-loss above 3345.

Overall, $ETH is in a high-level oscillation and correction phase. The chart structure has not been broken, and the short-term strategy is clear: avoid chasing rallies and panic selling, and perform high sell and low buy around this range. The most important points in execution are—strictly adhere to the range and stop-loss discipline, and patiently wait for a clear trend. In a ranging market, the key is not prediction ability but whether you can control your emotions and stick to discipline.