Ethereum is currently facing significant pressure at the 100,000 price level, having tested the support level twice. This area seems to have a large amount of Market Stabilization funds. Personally, I analyze that this position may be difficult to break down easily, so I do not plan to short here, worried about unnecessary losses caused by a sudden rebound of 1,000 points or a rebound of 30 points in ETH.

For investors without positions, it may be wiser to wait and see for the time being. Currently, the market is highly volatile, and the bullish camp is facing severe tests. Watching short sellers reap substantial profits is indeed enviable, as ETH has dropped about 100 points from 2280.

I personally experienced a painful situation of being stuck in a long position with more than 40 points, ultimately incurring a loss of 180. This investment experience is indeed frustrating. The market never develops as expected, and risk control and mindset management are equally important.