Based on the current market conditions, it is recommended to adopt a range trading strategy:

Short-term short position: ETH current price is $1760, the daily candlestick is fluctuating near the EMA30 support level of $1730, the MACD indicator has a bearish crossover at a high level and the red bars are shrinking, indicating a depletion of bullish momentum. Institutions are accelerating the transfer of ETH to exchanges (for example, Galaxy Digital transferred 6,528 ETH in a single day), combined with the SEC delaying the approval of the staking ETF, significant selling pressure is present in the short term. A light short position can be taken in the range of $1780-$1800, with a stop loss at $1820 and a target looking down at $1700-$1680. If it breaks below $1680, further support can be looked at around $1620.

Risk Warning: The Pectra upgrade (on May 7) may trigger market sentiment fluctuations. If the price stabilizes above the $1730 support, caution should be taken against a bullish rebound. Position control should be kept within 20%, with strict stop-loss implementation to avoid the risk of severe fluctuations brought by upgrade expectations.

(Note: The above recommendations are based on current data, and the market changes rapidly, requiring real-time adjustments.)$ETH