In the current market conditions, Ethereum is showing a continuous downward trend during the day, with the price once dipping near 3200 before finding support and rebounding. From a technical analysis perspective, the upper band on the hourly chart has formed a significant resistance zone in the 3350 to 3400 area, providing potential entry opportunities for bears. When the price rebounds to this range, a high short position can be considered, with expected downward targets sequentially pointing to key levels at 3200, 3100, and 3000.

On the Bitcoin side, it has also experienced a downward trend, stabilizing around 91700 before starting to rebound. The upper band on the hourly chart around 95200 constitutes a short-term resistance level, where short positions can be established in advance. If the price further rises to 96000, additional short positions can be added. The target price levels look down to 93000, 92000, and 91000 areas.

The market is in this stage of rebound after a downward trend, and bulls often expect the price to stop falling and rise again, anticipating a bottoming rebound leading to a rally; while bears tend to believe this is merely a temporary price recovery, a trap set by the market to attract more bulls, with the downward trend expected to continue. Whether in the bull or bear camp, investors hold their respective views and beliefs. However, in such an uncertain market environment, strict risk control is crucial. It is recommended that investors maintain light positions and set stop-loss levels to cope with possible adverse market changes, avoiding excessive losses due to market movements not aligning with expectations.