Liquidity events cannot change the essence of market oscillation; the key resistance level remains the core battleground. Ethereum Two-Timeframe Analysis & Insights! 👎👎👎

On the daily chart, although Ethereum’s price has surged due to macro sentiment, it is still within the broad oscillation range established previously. The market’s reaction to liquidity events currently leans more towards a “technical sentiment correction” on the daily timeframe, rather than a core driver for a trend reversal. Whether the key resistance zone can be effectively validated is the primary criterion to judge if the daily structure can strengthen.

Looking at the 4-hour timeframe, after the price touched the strong resistance zone derived from the daily structure around 3126-3145, momentum showed signs of exhaustion. This area can be regarded as the short-term watershed between bulls and bears. If it fails to break through and hold, the price will most likely follow the oscillation logic and retest the lower support area at 3088-3056. Conversely, if a pullback to the 3020-3000 zone finds buying support, there is potential for another upward test of the 3070-3100 area.

Intraday Trading Suggestions:
Go long near 3000-3020, target 3075-3100
Go short near 3150-3200, target 3080-3040

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