Yesterday’s ETH short idea we shared with everyone has truly delivered 100 points of room. Just like with BTC (the “big pie”), anyone who followed along with the layout with xueyuan can directly see profits in their account—this also once again proves the importance of anticipating the trend early and trading in line with it.

In the evening, the situation in the Middle East heated up again, becoming the core bearish catalyst. Regional conflicts pushed up international oil prices, intensifying global inflation concerns and directly delaying expectations for the U.S. Federal Reserve to cut interest rates. In a tighter-liquidity environment, ETH faces extremely strong downward pressure.

In addition, recent on-chain activity on the Ethereum blockchain has continued to trend lower, ETF funds have continued to see net outflows, and there is a lack of incremental capital in the market to provide support. Every rebound on the screen is accompanied by large sell orders, and in the short term there is not much of a foundation for a reversal and upward move.

Trading suggestion: For aggressive traders, short directly at the current price. For more conservative traders, short around 1740-1770, targeting 1700-1670. If it breaks below 1650 and 1600, defend around 1800—be a bit steadier with 1820.
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