Respected trader, according to yesterday's trading report and reminder, do not place trades before Ethereum breaks above 3250, focus on right-side trading. After breaking above 3250, it surged rapidly to 3305, but due to heavy long positions, it pulled back to 3220.

The market is currently digesting gains, but risks still need to be closely monitored.

Based on calculations of smart money, the current market long-short ratio is astonishing; the longs only need to push upward to a certain level, which will trigger massive short squeeze and liquidation.

2.7/(1.9/253)=359.5263158

3020+359=3379, large-scale short squeeze may occur around 3340～3350; be cautious of large long positions pushing prices sharply upward, followed by profit-taking and position reduction.

From the news perspective, there has been an intraday upgrade, with more diversified capital entering the market, and positive news continues. However, the continually worsening geopolitical situation may provide an opportunity for speculators to exploit black swans. Long traders should set stop losses to prevent profits from turning into losses.

In intraday trading, we can currently see that 3250 has stabilized. However, in a situation of imbalance between long and short positions, be cautious when chasing long positions during pullbacks.

I hope today's report can help all traders from different dimensions. We are traders, leveraging information and technical differences to earn reasonable profits from the market. I encourage all traders to leave comments for discussion and mutual improvement.

My technical abilities are limited, but I hope to help everyone.