🥘 Currently, during last night's continuous decline, it broke through the upper boundary of the 2145-2155 consolidation range that had been oscillating for over 40 days. It is now rebounding with support from 2088-2108, attempting to break through and establish a firm position again. Therefore, today we need to keep a close watch on whether 2155 can confirm a stable breakout.

🥘 For short positions, it is best not to rush into the main entry. Wait until 2155 breaks through and stabilizes, then look for higher positions to short (Ethereum short entry suggestions will be updated shortly).

🥘 For intraday short-term traders, small positions can be used to scalp around the 1H Bollinger Bands' upper and lower bands (sell at 2180-2195, buy at 2088-2108), with flexible profit-taking and narrow stops of 30-40 points set at your discretion.

🥘 Overall, Ethereum is currently experiencing a false breakout of the consolidation range during this wave of rate-driven rally. However, the 4H, daily, and weekly uptrend lines remain intact and unbroken. Therefore, it is temporarily regarded as a normal retracement within an N-shaped upward trend structure.