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After the recent decline, Ethereum rebounded to around 3478, then entered a sideways downward trend. Last night around 11 o'clock, we started streaming, focusing solely on short positions. The market eventually fell to the 3244 level, then rebounded to 3364. From a short-term technical perspective, I still maintain the same prediction and view as last night. As long as the price hasn't fully stabilized below 3420, the market remains in a downward trend. Therefore, today we mainly focus on the range between 3280 and 3420 for shorting and low buying. A breakout above this range could lead to a move toward 3500 and above. Tonight at 9:30, there will be major non-farm payroll data, which is expected to trigger a rally. So before 9:00 tonight, if the market stays around 3300, long positions are relatively safer. If the market is around 3400 with short positions, small losses may occur, and there's a higher probability of being stopped out.

ETH3.68%
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