Yesterday, I set up a short position on Ethereum at 1855. The market surged to 1849 then turned around and fell back, dropping all the way down to the lowest point of 1757, a nearly 100-point decline;

Today, I again based my short position strategy on the 1855 level. The market attempted to rise after reaching 1840 but lacked the strength to continue higher and started to fall back, with the lowest touching around 1760, also an almost 80-point decline.

After two consecutive short setups, the overall market direction was accurately aligned with the trend, with precise entry points that had slight deviations, all of which could be executed normally within the trading range.

Tonight’s strategy continues to focus on high-level shorts. If the market rebounds again above 1855, I will continue to follow short positions between 1855 and 1870, with a stop at 1920; currently, existing short positions can be moderately reduced based on the morning plan, with stop-loss orders set in advance to protect capital. $ETH

The current market is oscillating back and forth around the 1800 level, with each upward push lacking sustainability. Trading volume has not increased in tandem, and if the bulls truly initiate a strong reversal, the market would not remain stuck in prolonged consolidation. A strong trend would either break out with high volume and surge or quickly decline to release bearish momentum. At this stage, the range-bound oscillation suggests that the main players are in a phase of shakeout and accumulation. Each rally is essentially a window for traders to decide whether to exit or hold their positions.

The stop-loss for this short position remains at around 1920, not a blind bet on a one-sided trend, but rather following the previous market structure to continue with the existing downtrend. We are waiting for the bearish momentum to further ferment, opening up more downward liquidity space.