This wave has been played by ETH, starting from the morning with a short position at 2245. The price has been in a real oscillating trend, and even at the highest point of this wave, which reached 2244.97, it hasn't been filled, which is quite torturous.
From a smaller time frame, ETH shows an oscillating trend, while the hourly chart shows a downward trend, and the 4-hour chart indicates an upward trend. The current strategy can only be to ride the waves and not be too fixated on the overall picture. Pay attention to the 2200 level below; ETH might touch that before starting to rise again.