Ethereum presented two potential trend directions in the preliminary analysis. First, a rebound to the highs followed by a pullback, and second, a direct downward exploration. From the actual market conditions, it is currently following the second path—lacking rebound strength and experiencing a rapid decline. Since this direction has been confirmed, the short strategy will hold steady for now, shifting focus to wait for small-level stop-loss signals before planning long positions. In fact, even if the market continues to weaken subsequently, there will still be at least one round of rebound opportunity before the true decline cycle begins.

From a technical perspective, the hourly level should continue to accelerate in exploring the bottom. The probability of completely breaking through the 3000 level is not large; more likely it will probe downward to around 3050. This position coincidentally aligns with our planned key entry point for going long. If we can catch the long position in this zone, the expected profit space for the next wave of rebound is around 200 points, which represents a considerable return rate. This position is also the upper boundary of the previous breakout range, possessing obvious technical support, making it relatively difficult for short-term breakdown to occur.