I took a look at the ETH futures (ETHUSDT) trend, and this is indeed worth paying attention to.

From the one-hour chart, Ethereum has already formed a classic head and shoulders top pattern. Once this pattern is confirmed, the probability of a sharp decline will be relatively high, so it’s important to stay alert to the bears in the near term.

The indicators are quite interesting—RSI on the one-hour timeframe shows an upward trend, but the MFI(Money Flow Index) is moving downward in the opposite direction, which is a clear divergence signal. Usually, when this happens, it indicates that although the price has upward momentum, funds are continuously flowing out, showing signs of slow liquidation.

Based on this judgment, it’s not recommended to chase long positions at this level. From the pattern structure and indicator setup, the downside risk is relatively high. If you have a bearish outlook, you can try to participate with smaller stop-losses. The specific stop-loss should be set according to your risk tolerance. Personally, I set my stop-loss at 3368.