Ethereum is currently at a key point between bullish and bearish, from the liquidation map it appears that around 2290 there is a long liquidation of over 300 million chips @100x leverage totaling 30 million, while around 2380 there is a short liquidation of 360 million chips. Both sides are fighting quite fiercely, my personal opinion in the short term is: leaning bearish! Over the past week, spot Ethereum ETF funds have experienced continuous net inflows for 4 days, totaling about 300 million dollars @ mostly from the BlackRock institution increasing holdings, which is also one of the main reasons why the main coin has been steadily rising during this period besides news factors. But it is very clear that the breakout last night was already a profit-taking position from chips at low positions, plus there are many sell orders above so selling pressure is very strong, in the short term there is almost no one-way trend, short positions are the safest. Around 2320 there is a small support today, so the market experienced a rebound, but weekly unemployment claim data and the US stock market conditions tonight generally indicate that the trend will continue to weaken, the current rise is caused by SOL strengthening after a long consolidation at the bottom, and news factors have almost been fully absorbed, so they cannot significantly influence $ETH movement. Operational suggestion: gradually enter in the range of 2340-2360 for short positions, recommend leverage 50-100x, stop loss: 2380-2400, target: temporary.