$ETH Continue waiting for a bounce and look for shorting opportunities on rallies. Price has completed the first sharp decline from the intraday high of 2208, and directly chasing shorts below compresses the space and offers poor odds. Should patiently wait for price to bounce toward the key resistance zone, which is the ideal second entry point for shorts. Specific entry zone: 2108-2118. This zone is a pressure band formed by the convergence of the descending triangle breakout neckline (approximately 2114-2125), the 1-hour MA20 moving average (2116), and the 15-minute mid-band (2146) below. Stop loss must be set above 2122, which is the confluence of the upper rail of the descending wedge and the 5-minute level structure high point. A breakout means the short-term downtrend structure is broken and short positions need to be closed. First take profit is set at 2089; after an effective break below, can hold positions targeting the second objective of 2054. The operational logic is to align with the intrinsic need for overbought correction on the daily timeframe, capturing the exhaustion opportunity of bounces to strong resistance zones within small timeframe downtrends, executing shorts with the trend. Money management recommendation: This is an operation during a pullback within a downtrend, using 50% of normal position size. Risk-reward ratio is better than 1:3. Core strategy summary: Daily uptrend momentum exhausted requires pullback; small timeframe downtrend structure is intact; patiently wait for price to bounce to the 2108-2118 zone for shorting opportunities. Historical forecast accuracy shows the previous judgment on downtrend pullbacks was correct; this round suggests continuing this logic—after price has already declined, especially should avoid chasing shorts and should wait for bounces instead.


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