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Ethereum, as a mainstream coin, naturally follows BTC's characteristics. Recently, in my observations, the 8-hour cycle technical pattern has repeatedly validated the slow-trend suppression of the VEGAS channel, and this resistance level is quite stable. At the same time, the middle band of the 1-day Bollinger Bands provides significant support, closely synchronized with Bitcoin's movement.
Regarding price targets, my expectations are as follows: the first target points to 3150, the second target looks at 3280, and if it surges to the 3350 range, caution is advised as there is obvious resistance there. Once it reaches the resistance zone, I will immediately close long positions and open short positions—that's my trading rhythm.
The core logic is actually very simple—when BTC rises, the bullish pattern fully activates, and buying on dips becomes an opportunity. But remember, risk management for altcoins is much stricter than for Bitcoin; stop-loss points must be set at previous highs or lows plus ten points outward to ensure sufficient safety margins. The switch between long and short positions can happen quickly, so be prepared to adjust your strategy at any time.