On November 22, 2025, the midday Ethereum short positions trend remains quite evident, and it is recommended to focus on shorting on rallies while being cautious of a slight short-term rebound. Please refer to the specifics below:

1. Entry and Target: You can choose to enter shorting in the range of 2750 - 2800 USDT. The first target below is around 2700 USDT, and if it breaks down, you can further look towards 2650 USDT. If it subsequently touches the range of 2600 - 2650, you can attempt a small position for a short-term low buy, taking small profits and not holding for the long term.

2. Stop Loss Setting: The stop loss for short positions is recommended to be placed above 2950 USDT, as this position is a key short-term resistance level. If it breaks through, it may test the 3000 USDT level in the short term, and it is necessary to promptly avoid the risk of trend reversal.

3. Risk Warning: The current market panic sentiment has not completely subsided, and there is uncertainty regarding the macro interest rate environment and ETF fund flows. Intraday volatility may be significant, so it is recommended to control positions, avoid heavy trading, focus on short-term trading, and do not blindly pursue shorting or bottom-fishing.
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