Looking at $ETH's recent performance, it's a bit uncomfortable. The short position at 3265 that was wiped out some time ago has not been touched since, and looking back now, I really regret it.

From a technical perspective, there are several key points: the price has already fallen back to around 3080, the starting point of the previous rally on the left side. This is a relatively more attractive area for a bottom-fishing. If it drops below 3030 again, be cautious, as it indicates the market is indeed weakening. At that time, the levels at 2910-2888 will become potential rebound points.

The short-term resistance level is at 3130, and the real watershed is at 3180. Only a breakout above this can we consider a bullish outlook again.