This week, the overall structure of Ethereum's recent movement is almost identical to what happened on December 1, 2025. The head and shoulders top pattern has formed, and a final wave of induced buying is expected. Just go short with a defensive stance before the previous high. It's just that the right shoulder has extended a bit longer (due to the weekend and low liquidity), but it still hasn't made a new high. Before reaching a new high, short it down; the risk-to-reward ratio can still be maximized. Therefore, I do not support US-European tariffs. The main reason for this wave of decline is here. Below is the main accumulation zone. Currently, the oversold area is between 3400 and 3300. There is no oversold condition around 3200, so it is likely to test the bottom and rebound. Everyone holding long positions should be cautious of risks; do not hold through the drop. Just set proper stop-loss orders. Long positions above 3250 still have a chance to be rescued. I have been observing the market for a while, and now it seems to be instilling a mindset of low buy-ins (meaning no matter how much it drops, it will bounce back, so the bulls are still accumulating chips). The overall structure is likely approaching the end of the triangle consolidation. If it cannot make a new high, the market may end immediately. 3080 must not be broken; if it breaks, it could head straight to over 2000. #加密市场观察 $ETH