The structure of Ethereum is actually clearer than Bitcoin. It has repeatedly faced pressure from high-level consolidation areas, with too many trapped positions above. The ideal scenario is for it to continue to decline here, which would create a structure of false breakout -> true breakout -> failed retracement.
The fundamentals of Ethereum still lack any narrative; whether for hedging or risk attributes, Bitcoin takes priority. This round of market action, led by institutions, is a local bull market for Bitcoin, where altcoins can only hold on for a while, with weakness being the norm.
The strategy for Ethereum is consistent with Bitcoin, primarily focusing on short positions, unless Bitcoin continues its bullish trend, in which case we would consider abandoning the short strategy.
