Early morning at 6:00, Ethereum made an extreme spike, with the price shooting straight up to 1936, just hitting our take-profit level for the 2035 short. It then quickly retraced and is now back around 2050. This move looks quite aggressive, but don’t be fooled—it's more like a deliberate trap by the big players to lure in retail traders.

Overall, the trend remains bearish. This rapid rebound hasn't changed the structure; instead, it's likely attracting retail to buy the dip. Once enough people have entered, the big players will probably push down again, completely liquidating the long positions.

So our strategy remains the same: patiently wait for high levels and continue to set up short positions. The 2080–2095 zone is also a previous area of heavy buying. Once there, you can enter in batches, with a stop-loss at 2128. First target is to reduce positions around 2030, then gradually cover at 2000 and 1960.

Trading in line with the trend is key. Don’t panic when prices rise or get confused when they fall. Wait for the big players to make their move first, then take action.