Ethereum is currently in a delicate situation—appearing strong on the surface but with underlying currents swirling.

From a technical perspective, ETH is repeatedly testing higher value zones, but the issue is its heavy dependence on Bitcoin's movements. If BTC, the big brother, loses the 90,000 USD level, Ethereum is likely to follow suit and plunge below the 3,080 USD support.

**Bearish Opportunities Here**

If you're a short-term aggressive trader, focus on the key resistance zone at 3,380-3,400 USD. Once a bearish signal appears on the hourly chart (such as a shooting star or evening star pattern), a small short position could be considered. But remember, stop-losses must be set in advance—this is the bottom line.

**Bullish Strategy**

A more cautious approach is to wait for a pullback. Keep an eye on these levels: 3,080-3,090 USD (intraday warning line and structural support), 3,050 USD (strong support), and the core strong support at 3,000-3,020 USD. Once the price stabilizes near these supports and shows bullish candlestick patterns, consider a small long position. Set stop-loss 30-50 USD below the entry point.

**Points of Risk to Watch**

First, the correlation risk. ETH is heavily influenced by BTC, which is unavoidable. Second, the four-hour chart already indicates potential bearish divergence, suggesting short-term correction pressure. Lastly, the market is in a sensitive position; volatility could suddenly increase. It is strongly recommended to reduce leverage and position size.

One detail to note—if the price can break through and hold above 3,150 USD strongly, the short-term bearish pattern might reverse. But until then, risk management always comes first.