Today Ethereum $ETH Short-term Trading Setup:

As of 10:58 on November 8, 2025, Ethereum's price is $3,440, up approximately 4.37% from the previous day.

1. Strategy Recommendations and Risk Control

(1) Bullish Strategy

• Entry Conditions: Price effectively breaks above $3,450 and stabilizes, with increased trading volume.

• Target Prices: First target $3,500 (previous high), second target $3,550 (Fibonacci extension level on daily chart).

• Stop-Loss: Break below $3,420 (failure to break through), with a stop-loss of about 1%.

(2) Bearish Strategy

• Entry Conditions: Price rebounds to $3,450 resistance and falls back, or directly breaks below $3,380 support.

• Target Prices: First target $3,300 (middle band of four-hour Bollinger Bands), second target $3,200 (strong support zone).

• Stop-Loss: Break above $3,480 (risk of false breakout), with a stop-loss of about 1.5%.

2. Trading Suggestions

1. Aggressive Traders: Consider entering a small long position at $3,430-$3,450, targeting $3,500, with a stop-loss at $3,400.

2. Conservative Traders: Wait for a clear breakout above $3,450 or a breakdown below $3,300 before entering, to avoid chasing highs or selling lows.

3. Hedging Strategy: Investors holding spot positions can hedge short-term volatility through derivatives markets (such as perpetual contracts) to maintain long-short balance.

Important Time Nodes

• European Session (16:00-20:00): Watch for a breakout of the $3,450 resistance level; increased volume during European hours often amplifies volatility.

• US Session (20:30-24:00): Be alert to Federal Reserve monetary policy statements or US economic data that could impact the market.

Summary

Today, Ethereum exhibits a "volatile but slightly bullish" pattern in the short term, with the focus on the $3,450 key level. It is recommended to adopt a "breakout follow-up" strategy, waiting for clear signals before entering the market.