ETH has already reached the target level we mentioned earlier, and the market is quite clean. Yesterday's view was that short positions around 3265 are basically fine, as this position is actually the intraday high.

The current strategy is as follows: hold onto the short positions and observe the performance of the upward trend line below. Once the trend line is broken, there is a high probability of a retest of 3080 and 3165. These two levels are good rebound observation points.

Conversely, if 3265 is broken to the upside, then the short positions should be decisively closed, and the target above will be pushed to 3400. The key is to see whether the trend line can be maintained, as this is an important reference for judging the subsequent direction.