January 4 data shows that Ethereum price is around $3,140, hovering along the upper boundary of the $3,075-$3,150 range. In the short term, the market tends to consolidate with fluctuations, while the medium-term outlook remains bullish. The current strategy is cautious—avoiding chasing highs aggressively or arbitrarily shorting, and waiting for clear breakout or pullback signals before taking action.

**Technical Analysis**

The 4-hour and daily charts have already shown a low point rebound with effective support, indicating that the bottom structure is being solidified. However, the 1-hour and 15-minute charts are still in consolidation phases, with relatively mild volatility, which suggests accumulation.

**Fund Flow Signals**

Staking queue has exceeded 1 million tokens, and selling pressure is gradually being absorbed. Institutional funds continue to flow in, providing a solid support foundation for the medium term.

**Key Levels Clearly Marked**

Looking downward, strong support is at 3075-3080, followed by core support at 3020-3040. Looking upward, strong resistance is at 3145-3150; a breakout above could target 3180-3220.

**Two Bullish Strategies**

For conservative long positions, wait for a pullback confirmation with volume at 3080-3090 before entering, with a stop loss at 3050, and targets at 3150, 3180, and 3220 respectively.

A more aggressive approach is to enter after 3150 is stabilized and a pullback confirmation occurs, with a stop loss at 3120, aiming higher.

**Conditions for Short-Term Shorts**

Consider shorting only if resistance at 3145-3150 is met with volume decline and a pullback. Set stop loss at 3170, with targets at 3100 and then 3080. Emphasize that this is a short-term trade, not a trend short.

**Risk Management Must Be Clear**

Keep position size within 30%, with a single stop loss not exceeding 2% of the principal. Never hold large positions through unmanageable risk. Prioritize long positions at support levels, and only short at resistance levels for quick entries and exits. Also, monitor Bitcoin’s correlation, ETF fund movements, Federal Reserve policies, and macro factors to guard against unexpected black swan events.