I checked the capital situation and trends of Ethereum at #以太坊行情解读 in the early morning and wanted to organize my thoughts.

The liquidity situation is quite interesting—net inflows for the 30-minute and 6-hour levels are 105 million and 178 million USDT, respectively, but the 1-hour and 4-hour levels are actually seeing outflows, indicating a tug-of-war between bulls and bears in the market. However, looking upward, the net inflow over 24 hours has reached 712 million USDT, suggesting a moderately optimistic mid-term liquidity outlook.

**The strategy is to cautiously go long.** So how do we operate?

If it pulls back to the range of 3030-3040, you can try entering in batches. If it stands above 3074 (the upper Bollinger Band), there will be an opportunity to chase the long position—but be careful not to chase the intraday high, as it can easily lead to being trapped.

The key level is set below 3020, where there is both support from the MA20 moving average and an important technical support level, with a stop-loss space of about 3%.

For the target, the first level to watch is 3100 (R2 resistance level), and further it points to 3130 (R3 resistance level). Overall, the profit space is between 3-5%.

With this idea, the market rhythm still needs to be observed.