Ethereum's short positions are still being held. The floating loss on the short positions established in the morning persists, and although there was a 100% profit opportunity during the session, timely profit-taking was not executed, leading to a subsequent rebound. Overall, ETH remains in a consolidation pattern—resistance to upward movement and limited downside.

From a technical perspective, trading volume during the rebound is gradually decreasing, and selling pressure above remains heavy, indicating that the bullish momentum is weakening. In this context, holding the short positions still makes sense.

Special attention should be paid to the movement of the US stock market tonight, as it could be a key factor in determining Ethereum's future direction. Additionally, the correlation performance of other major cryptocurrencies like XRP and BNB is also worth observing. For unclear operational details, further discussion within the community is recommended.