ETH has reached the target level we mentioned previously, and the price action has been quite clean. Yesterday's view on shorting around 3265 was basically without issues, as this level turned out to be the intraday high.

The current strategy is as follows: continue holding short positions and watch the performance of the ascending trendline below. Once the trendline is broken downward, there is a high probability of retracing to 3080 and 3165, these two levels are good observation points for rebounds.

Conversely, if 3265 is broken to the upside, short positions should be decisively closed, and the target above would be pushed toward 3400. The key is still whether the trendline can hold, which is an important reference for determining the subsequent direction.