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Ethereum's recent trend is indeed interesting. From the hourly chart, the downward momentum around 2930 is easing, but it's during these moments of relief that shorting opportunities tend to appear.
If you enter a 50x short position now, the initial target is 2890. If the price can't hold at this level and breaks below, it could head towards 2600. Of course, for such high leverage trades, stop-losses are essential; the 2970 level must be defended.
In the past couple of days, I've been continuously adjusting my layout, and every market fluctuation prompts a reassessment of the strategy. Friends following along, stay tuned for updates on new developments, but don't rush to enter positions. Wait for a clearer signal before taking action.
Technical analysis is all about patience; the more impatient you are, the easier it is to fall into traps. A good strategy combined with solid execution is the key to seizing these opportunities. The market is constantly changing, and those with strong adaptability can catch more waves.