January 16th, Ethereum's trend remains weak.

Yesterday's short position setup around 3380 has been perfectly fulfilled, and now the price has retraced to near the 3300 level, showing signs of fatigue in the overall market. From a technical perspective, the situation is not friendly to the bulls— the daily MACD has already formed a death cross and continues to expand, the Bollinger Bands are opening downward, and the overall pattern clearly favors the bears. There are almost no signs of a strong counterattack from the bulls.

In this situation, the short-term strategy remains unchanged—closely monitor the strength of the retracement.

For traders already holding short positions: continue to hold, with the target at the 3250 support level.

Those who haven't entered a position yet can consider shorting within the 3360-3390 range, set a stop above 3400, and then observe the performance at the key levels of 3300 and 3250 in stages. How the market develops next will mainly depend on whether these supports can be effectively broken.