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Recently, I have been monitoring the ETH trend. My judgment is that this rebound may encounter resistance around 3400, followed by a pullback. If it breaks through 3500, the bears might get liquidated, but I think this is just a short-term rebound strength. The true direction should still be downward, with a target towards the 2800 range or even lower.
Let me share my own trading approach. The short position I opened at 3307 has already been closed. Currently, my strategy is to take some small long positions around 3188 to hedge risk. To control the drawdown, I set a stop-loss at 3170. If it breaks below this level, it means the recent support has been broken, and there is still room for further decline in the short term.
These are just my personal market observations and trading ideas. Specific operations should be adjusted according to your own risk tolerance. The market is ever-changing, and setting stop-losses and managing positions are always the top priorities.