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Ethereum's short-term rally has been decent, but it failed to break through and stabilize above the 3060 level this morning, which is worth pondering.
Many people are watching the 3060 level, why? Because it is an important previous high point. When the price repeatedly tests a key resistance level but fails to hold, it usually signals a correction, and a bearish opportunity may arise.
From a risk-reward perspective, shorting at this verified high point of 3060 still makes sense—risk is clear, and stop-loss levels are well-defined. Of course, the key is to distinguish whether the rebound is weak or if a true breakdown has occurred; these two scenarios determine the subsequent trend.
Positions that have already exited can be set aside for now, as the next wave of market movement is brewing. Continue to observe how the price moves.