①$eth has been continuously falling from its peak for 2 days, with a decline of over 15%. One can imagine how other altcoins are faring. But there is a saying: what falls quickly also rebounds quickly. To put it simply, its volatility has increased, resulting in significant fluctuations of several percentage points. Therefore, given this situation, the best approach is to short-sell high and long-buy low on $eth.

②What are the resistance prices above $eth? [3700-3720] is a small resistance zone. If this area does not exert pressure on the price, the next resistance will be [3770-3790]. If the price can reach [3770-3790], it indicates that this rebound is what I call an effective rebound, and it is likely to persist. At that time, the strategy may need to shift slightly.

③Can I bottom-fish for $eth spot? Attention! Whether it’s $btc or $eth, the initial signs of a daily pullback are emerging, and this is more evident with $eth. So even if you attempt to bottom-fish, whether you can hit a limit-up is uncertain; it's merely a rebound market. Therefore, currently, these two are more suitable for contracts. For spot trading, look for altcoins; a single rebound can easily yield dozens of points.

④Will $eth break new highs? Yes, but not now. As for when, just keep a close watch on me.