The recent rebound of Ethereum looks quite impressive, but in reality? It's a typical bull trap. On the 24-hour chart, the price touched 3052 and then stalled; the most brutal part was that last 15-minute candle — it plummeted directly from near 3000 to 2910, with trading volume exploding to a massive 250,000. This is hardly a normal pullback; it's clear that someone is dumping at high positions. Those who tried to catch a falling knife around 3000-3050 are probably regretting it deeply now, a textbook-level demonstration of top divergence.

At the current position of 2936, the bears are clearly in control. My choice is clear: short. Set the stop loss around 2985, and the first target below is to see if 2910 can hold; if it can't, 2850 is also possible. With such a large bearish candle appearing with increased volume at the top, what is there to hesitate about?