Institutional perspective on ETH Current price structure analysis and directional assessment:

Taking ETH/USDT as an example, the short-term narrow fluctuations are around the range of 3873-3731, with the dividing line for long and short at 3731. Above the dividing line, the overall operational strategy is to focus on long positions with short positions as a supplement. The following is a specific analysis of the price structure (market) from an institutional perspective.
(1) Below 3873, continue to fluctuate within a narrow range; above 3873, the bulls are strong, continuing to attack 3998, and it is not recommended to easily open short positions during the bulls' offensive.
(2) Above 3731, the bulls continue to maintain an offensive stance. During pullbacks, one can pay attention to short-term (such as 1 hour) bullish reversal point models for long trading opportunities; previous low-level segment long positions need to strengthen holding confidence and continue to hold bullish.
(3) Below 3731, the short-term rise ends and a decline begins. Previous low-position long positions should exit, while one can pay attention to short-cycle bearish turning point models to seize trading opportunities for short positions at highs.