#ETH Intraday Analysis

1️⃣ Structural Interpretation: The latest data shows that ETH's highest point has reached around 3265. In previous live sessions, I repeatedly mentioned that the current trend is a daily-level rebound, and it should not be considered the arrival of a major bull market for now.
2️⃣ Capital Flow & On-Chain & Exchange Dynamics Observation
Capital Flow: ETH and ETFs are also experiencing net capital inflows, indicating that some funds are willing to reallocate or add positions in ETH after the holiday, which is a sign of short-term marginal improvement.
On-Chain Data: On-chain data does not show signs of short-term concentrated selling, and holder sentiment remains relatively stable.
Exchange Dynamics: ETH's trading volume within the day is significantly better than during the previous volatile periods, indicating some market enthusiasm at this price level, but a strong trend has not yet formed. Overall, the capital situation has improved compared to the previous downward phase, but the recovery remains steady rather than frantic chasing.
3️⃣ Intraday Observation & Key Level Projection
Bullish Strategy: If ETH can hold the support zone 1 and increase volume at this price, consider taking a small long position with the trend. There are two recommended ways to open positions.
Conservative Approach: Enter at support zone 1, and if broken, exit and move to support zone 2 to continue long. Enter at support zone 1, and add positions at support zone 2. The initial target is 3230-3265. The overall pattern target is around 3480.
4️⃣ Risk Warning
Uncertain Rebound Confirmation Risk: ETH's rebound is more coordinated with BTC rather than driven by its own independent momentum. If BTC pulls back, ETH may also adjust first.
Volatility Amplification Risk: ETH's oscillations before trend confirmation are likely to be larger than BTC's.
Insufficient Volume Risk: If capital inflow strength is insufficient, there may be a scenario of "upward attack without volume, failure and retreat."