$ETH #ETH Make an intraday viewpoint record: current price 2,693.7; 1 hour +0.01%; 24 hours -0.13%; the high-low swing amplitude over the past 24 hours is about 2.8%.

For the current 1 hour +0.01% and 24 hours -0.13%, the two time windows have not formed sufficiently clear directional alignment. In a range-bound market, the tolerance for chasing and killing is low. It’s more suitable to confirm the direction using the upper boundary, and confirm follow-through using the lower boundary. The midline should only be used as the line between relative strength and weakness.

The three price levels that need to be tracked together are: the midline 2,705.17; the upper confirmation level 2,743; and the lower defense level 2,667.33. The midline determines short-term initiative, while the upper and lower boundaries determine whether the market truly breaks away from the original trading range.

The subsequent path can be handled in three ways: if price holds and effectively stands above 2,743, wait for a pullback that does not break and then reassess for continuation; if price breaks down below 2,667.33, prioritize risk control and wait for new support; if price continues to oscillate around 2,705.17, treat it as range rotation and don’t repeatedly chase direction from the middle.

For those with existing positions, the focus is to manage based on whether support fails, rather than being dragged along by every fluctuation. For those currently in cash, prioritize waiting for a breakout with a pullback, or confirmation of support. For spot positions, you can scale in batches. For futures/derivatives, shorten the decision chain: first determine the stop-loss level, then decide whether to participate.

The key for derivatives is not to predict every single candlestick, but to ensure there is a basis for entry, trimming, and exiting. If there is no confirmation, do less. If a key level fails, redo the plan. First control the risk per trade, then discuss potential room ahead.

The real disagreement in this行情 (market setup) is whether it continues or returns to the range. Will you wait for breakout confirmation, or wait for a support pullback? You can share which price you’re watching most.

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