Ethereum today experienced a wave of sharp rises followed by declines, plunging from the high of 2167.20 and dropping sharply to a low of 2015.55. The intraday decline exceeded 4%, with nearly 300 million in net capital outflows, clearly showing the strength of the bears.

Although there was a slight rebound toward the end of the session, in my view, this is merely a weak counterattack within the downtrend and a typical false signal to lure in buyers. The overall bearish pattern remains unchanged, and the downward trend is likely to continue. Short positions remain the most reliable profit strategy at this stage.

Trading suggestion: Short around 2085–2150, with a target of 2000–1950; if broken, look for 1900.