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Recently, it's still important to exercise caution and not rush into long positions. From a technical perspective, Ethereum is currently pulling back, and on Friday there will be non-farm payroll data and progress on crypto-related legislation. Additionally, the uncertainty surrounding tariffs could further amplify market volatility.
In the short-term trend, ETH has been oscillating within the 3130-3170 range. As mentioned earlier, the resistance levels are clearly around 3250 and 9.4. If these levels cannot be broken, consider shorting on rallies.
Friday will feature a lot of macroeconomic data, so the possibility of a deep correction should be guarded against. Key support levels to watch are 3070, 3020, and 2970. Once the price falls below 2910, the upward trend will essentially be over, and the market may enter a confusing Q1 consolidation phase, limiting trading opportunities.
Strategy recommendations for this period: set proper stop-losses, actively short on rallies, and consider going long at low points. Managing risk is the top priority.