The weekend has been rebounding, indicating that retail investors' chips have all been consumed by institutions. The overall direction is still bullish. The safest strategy is to wait for it to finish its spike before entering. 2980 should be reachable, and there are many stop-loss positions at this level! Currently, the second contract is around 3150. We can take a small short position first, with a target of 2980-3000 and a stop-loss at 3185! $ETH

ETH
ETHUSDT
2,919.44
-6.39%