ETHTrendWatch How do you view ETH’s recent price action? What’s your trading strategy? Share your thoughts!

Ethereum (ETH) has been moving in a volatile but well-defined range recently, as traders assess the next directional move. The latest ETHUSDT perpetual price is $3,085.21, with the mark price at $3,085.38 and the index price at $3,086.74. Over the past 24 hours, ETH has traded between a low of $3,055.29 and a high of $3,147.39, showing a range of nearly $92 in a single day. Funding rates remain slightly positive at +0.0019%, signaling that long positions are paying shorts, but sentiment is not extreme. Total 24-hour turnover is $6.45 billion USDT, and open interest sits at 1.44 million ETH, suggesting that both speculative and institutional participants are actively involved, but no single side is dominating yet.

Looking at recent price structure, support has held around $3,055–$3,060, while resistance is forming near $3,140–$3,150. ETH has bounced off the support multiple times, but failed to sustain rallies past resistance, confirming a range-bound market. This creates an environment where volatility is high, fake breakouts are common, and traders must rely on clear confirmation before entering positions. The market is absorbing liquidity, with buyers and sellers testing each other, preparing for a potential directional move.

My trading strategy has adapted to this environment. I focus on smaller, selective trades around support and resistance, rather than chasing price in the middle of the range. Entries are considered only with confirmation, ideally with supportive volume and momentum. My priority is capital preservation, given the high intraday swings and risk of fake breakouts. Patience is critical I am willing to stay on the sidelines until price tests key levels and signals a clear move.

Prediction and next targets:
Bullish scenario:
If ETH breaks and closes above $3,147–$3,150 with strong momentum, the next upside targets could be $3,180–$3,200, with extended potential toward $3,250 if buying pressure continues.
Bearish scenario: If ETH fails to hold support near $3,055–$3,060 and breaks lower, downside targets shift to $3,020–$3,000, with further risk toward $2,950 if broader market sentiment weakens.
Inside the current range:
Price is likely to continue oscillating between $3,055 and $3,147, offering opportunities for disciplined traders but punishing over-leveraged or impulsive positions.

My personal view:
Ethereum remains fundamentally strong due to ongoing network activity, upcoming upgrades, and adoption trends. While the long-term bias is cautiously bullish, short-term execution has shifted to defensive, rule-based trading. I focus on capital protection, confirmation-based entries, and disciplined observation rather than reacting to every swing. The market will eventually break out of this range, and I plan to position accordingly when a decisive move occurs.
In summary:
Ethereum’s price is currently $3,085, trading in a volatile range between $3,055 and $3,147. Short-term swings are likely to continue, with upside targets at $3,180–$3,200 and downside risk around $3,020–$3,000. Patience, discipline, and structured entries remain the keys to trading successfully in this environment.

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