Ethereum's trend from afternoon to evening on $ETH . As of 16:46, Ethereum is at 3216. It will continue to decline, with the overall market focusing on short positions. However, there will be a sharp upward spike for a significant retracement to liquidate short positions, estimated to reach 3270 before continuing to decline. It is recommended that those opening short positions must set their liquidation above 3340, while those trapped in long positions should aim for a liquidation level below 3100.