$ETH Current mainstream thinking:

Ethereum remains bearish, the Federal Reserve Chair is about to be replaced, and future monetary policy is full of uncertainty. Market liquidity tightening expectations continue to rise, directly suppressing cryptocurrencies. Currently, US stocks are persistently pushing higher with severely inflated valuations, and bubbles are heavily accumulated, posing a risk of sudden collapse and decline. If US stocks experience a major drop, global risk assets will collectively come under pressure, and ETH is bound to follow downward. At this stage, short positions are logically justified.
Although there hasn't been a big drop yet, the market has been continuously oscillating and declining. Entering short positions at the current price, with the target looking at the support level of 2240.