gm, yesterday said Ethereum 3175 could be shorted, unfortunately didn't dare to place a direct order, after being blocked on the right side and weakening, shorted at 3143, took a two-point drop, set the breakeven loss and went to sleep, woke up and the position was gone, wasted time 😂$ETH

Ethereum Perspective: Reference 4H
Ethereum retraced to the Fibonacci 0.618 level of this wave yesterday and then rebounded. If this point wasn't captured, there are no thoughts of going long at the current price.

For shorting, I will pay attention to whether the downtrend line below 3175 is obstructed, resulting in a false breakout with a bearish engulfing signal. On the left side, I still see the pressure zone above 3260-3270, with a stop loss around 40 dollars, which still offers a reasonable risk-reward ratio.

For going long, the 0.618 level below is no longer suitable for left-side orders; it can be observed on the right side. However, the best position remains the support level at the trend line below 2800-2780, $ETH
{future}(ETHUSDT)