Ethereum's short-term trend is clearly dominated by bears. Looking at the candlestick chart, all short-term moving averages are above the price, and each small rebound is very weak. The technical indicators also give a signal—RSI has fallen to around 20, indicating oversold conditions, but in this kind of one-sided downtrend, it doesn't justify a rebound. What's more painful is that the MACD green histogram bar is long and thick, showing that the bears are clearly exerting full pressure to sell. The current price is oscillating around $3,073. In this kind of market, instead of waiting for a rebound, it's better to treat each small rise as an opportunity to add to the short positions. Those holding long positions should be cautious, as this rebound could be an escape opportunity.