Ethereum's recent trend has been quite strong, and it is now around 3240. From the current market situation, the bulls still hold the upper hand. Many are speculating whether it will continue to push towards 3500 tonight.

From a larger cycle perspective, this upward trend is quite clear. The market is right here, and if you go short against the trend at this point, honestly, the risk is not small. Prices are already high, and chasing a short here could easily turn you into a bag holder, with the main players taking all the profits in the end.

Trading should follow the trend, not go against it. In such a position, being cautious with short positions is the right approach.

Of course, the market changes rapidly, and any trading decision needs to consider your own risk tolerance and actual holdings. Watching the market more and acting less impulsively is key to long-term stable profits.