This sharp drop in Ethereum makes it really crucial whether the $3,000 level can hold.

If it can stabilize above $3,000, I’ll just treat that recent wick as a shakeout—which means there might still be room for a rebound afterward. But if it can’t even get back above $3,000? Then it’s basically game over, and the outlook doesn’t look good no matter how you slice it. That’s why I’m keeping a close eye on this level.

Honestly, even though I made some gains from my short positions, I actually hope BTC and ETH can show some strength. Why? Because a one-sided downtrend is really tough to trade—you can’t see where the bottom is at all, and if you chase the short, you’re likely to get caught by a sudden reversal. In a choppy, range-bound market, it’s easier to trade both long and short.

So here’s the question: Can ETH really reclaim $3,000?

But the last time I was this optimistic, the market just crashed straight down... Is this going to be another jinx? Whatever, I’ll just play it by ear.