Early morning Ethereum market analysis, the white bowl provided a strategy of going long first and short later, which completely aligns with the current trend. The short position almost didn't get filled.

From the hourly level, we can see a serious breakdown, and it’s not advisable to chase shorts in the short term. A small rebound is expected shortly, so in the early morning we will see if we can hold above 3480. If we can hold above that, we will continue to initiate a rebound upwards. Afterward, at 4 AM, if the 4-hour closes with a red TD3, we need to be cautious of another drop. If it breaks below 3400, it will be over. Again, draw a big door; the strategy suggests focusing on rebound shorts.

Suggest to short around 3500/20, watch for 3400/3200.