I looked at the trend of #隐私币生态普涨 in the last hour, and it doesn't feel too good.

After a sharp rise, several large bearish candles have fallen consecutively, breaking through the short-term moving averages such as MA5 and MA20, and even MA60 cannot hold. From a technical perspective, after the MACD formed a death cross at a high position, the fast line has fallen below the zero axis, and the green bars continue to expand, indicating that the bears are clearly prepared for this wave, and the probability of further downward movement in the short term is quite high.

How to operate? For those who are more aggressive, you might consider trying a short position around 3460. For a safer approach, wait for a rebound to the range of 3490-3520 before entering a short position, and set the stop loss above 3550. For support levels below, I personally think you can pay attention to the key levels of 3300, 3200, and 3100.

Overall, Ethereum is currently weak in the short term, and even if there is a rebound, the strength is likely to be limited. In this market, it is advisable to mainly consider shorting on rallies, and be sure to manage your position and stop-loss effectively, don't resist stubbornly.