ETH at this position can be considered for adding long positions. Place the stop loss at 3100, and the initial target is 3280. The recent decline has allowed many bears to increase their short positions, but this is precisely a hidden risk—once the price starts to rally here, these bears will become fuel for the market. Remember last year's end when Bitcoin broke through $100,000, with the bears continuously entering the market, blindly guessing the top, and ending up losing more and more, eventually leading to collective liquidation. The current situation is somewhat similar; although the bears are constantly getting liquidated, more and more people are taking turns shorting. At such times, be especially cautious of traders who are still blindly adding to their shorts—they are very likely to be the next bagholders in the upcoming market rally.