Ethereum is currently at a critical point between bulls and bears. According to the liquidation map, near 2290, there are close to 300 million long positions awaiting liquidation [with 100x leverage accounting for 30 million], and near 2380, there are 360 million short positions awaiting liquidation. The battle between both sides is quite intense. My personal intraday view is: bearish! Over the past week, Ethereum spot ETF funds have been continuously flowing in for four days, totaling about $300 million [mostly increased holdings by BlackRock institutions]. This is one of the reasons why mainstream coins have steadily stretched during this period besides positive news. However, it’s clear that last night’s breakout was already a position of profit-taking at low levels, and with a large number of sell orders above, the selling pressure is particularly strong. In the short term, there is basically no one-sided trend; going short is the most stable. There is minor support around 2320 today, so the market rebounded briefly. But based on tonight’s weekly unemployment data and US stocks, it’s basically confirmed that the weakness will continue. The current rise is due to SOL’s bottom consolidation lasting too long, leading to a rebound and stretch. The news has mostly been digested and can’t significantly influence the trend. $ETH Trading suggestion: short in batches around 2340-2360, leverage recommended 50-100x, stop loss: 2380-2400, target: tentative.