Many people have been asking about $ETH recently: why can many mainstream coins maintain a high win rate? Basically, the current market is still in a bear cycle, which means prices haven't broken through previous highs. Given that, my strategy is simple—just short and avoid going long.

Currently, the daily chart is stuck at 3446, which is the highest point. The previous short at 3300 has already yielded at least 500 points in profit. Looking further down, starting tomorrow, we probably won't see Ethereum above 3000 anymore; the market is entering a deep bear market phase. The real rebound opportunity? We’ll have to wait until it breaks below the 2600 support level to expect a significant rebound; otherwise, it’s all illusion.

The news that US non-farm payrolls data came in below expectations further confirms the risk assets are under pressure. The performance of $BTC and $SOL also points in the same direction—short-term market sentiment is weak, and technical analysis favors the bears.