1-8 Ethereum Analysis：

In previous analyses, Dan mentioned that 3720 is a resistance level and coincides with the Fibonacci 0.618. Moreover, the price-volume structure is similar to Bitcoin, showing a rise without volume. Therefore, once it faces resistance, it becomes a potential shorting point. However, Dan did not place left-side orders that day, nor did he chase shorts on the right side, as he got distracted with drinking. But the brothers in the square should have been able to capitalize on this wave.

From the market perspective, when Ethereum broke down with volume below the support level of 3555 and approached the support level of 3300, the prices above 3555 formed a trapped position. Since a trapped position has formed, the market makers will definitely force the longs above to liquidate. Whenever the liquidation happens, this wave of decline will come to an end.

From the 2H level perspective, the liquidity at 3300 has been touched multiple times but removed, so it is very likely to be taken out now. Therefore, given the current market, it is very likely that Ethereum will touch the 3300 support and then rebound before further dropping to 3000. This position is also where Dan has been thinking about entering the market with full inventory for spot positions, #ETH .