Recently, I executed a short strategy on Ethereum. Last night, I placed a short order at the 3280 level, and as expected, the price dropped more than a point. After taking profit, I immediately re-entered at the same level. This trade validated an interesting observation: when funds are abundant, people tend to flock to first-tier cities; conversely, funds will shift to short Ethereum.

From a technical perspective, 3280 has become a key support level. Repeatedly entering and exiting at this price indicates significant disagreement in the market here. The core logic of shorting Ethereum is actually quite simple—when macro liquidity is tight, risk assets are the first to be affected. As a leading public chain token, Ethereum often adjusts first. This position is still worth paying close attention to.