Talk about a trading idea for Ethereum.

Recently noticed a phenomenon - short positions are rapidly accumulating again. At this time, instead of panicking, I will first place a long order near 3170, and consider reversing once it is in position.

Do not impulsively chase shorts now. Even if your stop loss is hit, don't rush to short. Why? Because there has been a surge in short data near the key support level twice in a row, in this case, it is highly likely that we will see a "slow decline without breaking 3010" pattern. After inducing a short, combined with the support of the middle band of the Bollinger Bands, it often leads to a rebound surge.

The profit and loss ratio of this long position is quite ideal—just set a defensive space of 10 to 20 points, and there is a good chance to gain a considerable profit margin. Of course, the market changes rapidly, so assess it yourself.