In the short term, ETH does not show a clear bullish or bearish trend; it has been fluctuating around the range of 2770 to 2390 for over a month. The movement has basically been a series of sharp rises followed by sharp declines, going back and forth. The sideways movement during the rise originally indicated a correction, but since it has been sideways for too long, this signal has weakened significantly. Therefore, attention should be paid to the possibility of a significant pullback for ETH in the future. Looking at the daily chart, after a single bullish candle, there is a small doji candle, which does not indicate a foundation for further increases, making fluctuations more likely.

In terms of operations, the overall strategy should focus on short positions. Pay attention to the lower range bottom at 2390, and the upper resistance levels at 2668 and the 618 retracement level at 2710. You can short near these two positions.