Ethereum surged in the morning to near the daily high resistance and then began to retreat. Currently, it has broken down at the hourly level, and there is intraday demand to retrace around 2590-2560. You can attempt to open a light long position upon retracing to these two levels, with a good stop loss in place. The upward target resistance is around 2750-2785. If it makes a second surge near this target resistance, you can consider attempting a light short position, also with a good stop loss.