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?
ETH0.05%
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LayerZeroHerovip
· 18h ago
The 3080 rebound was indeed a false alarm, but now short positions are the right path.
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BoredRiceBallvip
· 01-09 00:56
It's okay that 3080 hasn't broken yet, but this rebound isn't great either. We can't see through it either, so let's just wait for a high-level crash.
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WhaleWatchervip
· 01-09 00:53
The 3080 held, but it seems there is still room for a decline later on. This false alarm is too optimistic; if the rhythm changes, there's a problem. Short positions at high levels are indeed a good strategy, but I'm worried about slippage on the exchange, which can be deadly.
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GasFeeCryvip
· 01-09 00:48
Another false alarm of a rebound; I'm already tired of this routine.
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