The Eth1h level has formed an ascending wedge, and in the short term, it has also seen a pullback, currently still in a downward trend, which is completely different from the trend of Bitcoin. There is a rebound demand in the smaller time frames, and recently ETH has been very strong, so I won't short it. If it pulls back near 3520, I will consider entering a long position.

However, based on the current formation, it may go through a phase of sideways movement to digest selling pressure, and the probability of a direct drop is relatively low. Let's wait for some time of consolidation to see if there are any trading opportunities; for now, I will remain observant!