Ethereum's recent market movement is quite interesting. From a technical perspective, it has already entered a shorting zone, and the key is to hold the stop-loss at the small-term previous high of 3150—once broken, exit decisively, there's nothing more to say.

The downward space is expected to probe towards around 3050, or even lower. Currently, there is indeed a need for a small retracement, but be cautious—if subsequent capital continues to flow in and the price turns into sideways consolidation rather than continuing to fall, or even surges, then it's time to exit quickly.

Overall, the risk-reward ratio is still good. Stay calm and wait for the opportunity.