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Yesterday's Ethereum dip was indeed frightening, almost breaking through the 3080 support level, but it stubbornly rebounded—just a false alarm. But that doesn't mean we can relax; the market's rhythm has already changed.
Since last night when I went to bed until now, the price has hardly deviated and is still oscillating within that range. The weakness seen on Black Friday is beginning to show, and the trading pace these days is completely different.
Honestly, I can't be certain about the future direction, but the short-term strategy is clear: mainly shorting at high levels. Both technical analysis and market sentiment do not give the bulls enough reasons. The key is to choose the right entry points and exchanges, which determine the risk-to-reward ratio. What do you all think? Planning to follow up with a short today?