Non-farm payroll data arrives tonight. Ethereum's falling flag pattern has completed, and this drop might really be coming.

Let's look at the structure—initial sharp decline is the flagpole, followed by a sideways consolidation phase that forms the flag surface. Now it has broken downward. Yesterday's volatile move was a trap; many thought it was a rectangle consolidation for a long position, but they got caught and the price immediately dropped.

There are still no signs of a bottoming out.

The four-hour chart shows a pure downtrend. There are only two possibilities next: one is a direct fall, the other is a rebound followed by a decline. A direct drop can be easily retested with a wick, so to be safer when shorting, it's better to wait for a rebound before taking action.

Tonight's non-farm payroll data will likely trigger a small rebound, with the high around 3030~3050. You can consider shorting around 3050~3070. This level is the support turned resistance of the flag's lower boundary. The short-term take-profit target is around 2760~2730, roughly twice the distance.

If you want to grasp the rhythm and entry points more precisely, or analyze trading opportunities in depth, feel free to join and exchange ideas.