Summary of the Binance Killers community discussion on ETH (03:00:09 ~ 04:00:09)

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1. Current Recommended Direction ETH's structure is weak, and the rebound is only a technical correction rather than a trend reversal. The price is still below the downtrend line, so shorting is the main short. Be wary of "rebounds being escape windows," and it is not recommended to chase the price up or make tentative entries. 2. Position and Risk Management Recommendations: We recommend a light short short, focusing on whether ETH can break through the downtrend line. Before it breaks through, maintain a bearish outlook. Set the stop loss above the trend line, and take profit gradually based on the support level below. We emphasize that "downside risk still dominates" and it is not advisable to use heavy positions or cross margin to bet on a rebound. 3. Suitable for aggressive short-term and swing traders, emphasizing quick entry and exit, and avoiding holding positions for too long; currently there are no obvious catalysts, the operation should focus on short with the trend, while conservative medium-term or trend investors are advised to wait and see until the structure becomes clear.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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