20th Morning Market Observation: Ethereum (ETH) faces several key price zones. Here are some trading ideas for reference (recommended single position size limited to 3%, leverage at 100x, total position not exceeding 5%).

Bullish Strategy: Consider going long around 3167 with a stop loss at 3135, and take profit at 3189, 3249, and 3340 sequentially.

Bearish Strategy: You can attempt short positions around 3267 with a stop loss at 3297, targeting 3243, 3165, and 3118 below.

Key Support and Resistance Operation Suggestions:

The support at 3118 is an important bottom support; you can go long lightly at this level (3% position), with a stop loss at 3088, and take profit at 3140, 3199, and 3267.

Resistance at 3340 can be tested with a light short (3% position), with a stop loss at 3370, and targets at 3308, 3267, and 3165 below.

If you already took a long position at 3165 last night, set a trailing stop loss and consider placing an order at 3118 to reserve room for adding positions later. Traders who haven't entered yet can consider a small long position at 3167.

In addition to the above levels, pay attention to resistance above 3225. If it doesn't break through after reaching there, bulls should consider reducing positions or exiting. For traders looking to short, this level should only be tested lightly (1% position), with heavy positions strictly prohibited.

Key Tip: Light testing is the key—set proper stop losses to avoid deep losses. Market volatility is high; risk control is more important than chasing profits. Find comfortable entry opportunities before taking action.