Market Briefing: Trading Opportunities at Ethereum's Key Resistance Levels

Ethereum is hovering at a critical turning point. The 3280-3250 range has trapped many—precisely, this is an ideal setup for short positions.

What does the technical analysis say? The 4-hour candlestick chart shows a bearish alignment of moving averages, with a clear accumulation of sell orders around 3300. The bearish pattern formed by yesterday's spike and pullback is still in effect, indicating continued selling pressure. The first target below is 3150, with further downside towards the 3100 level.

**Practical Steps:**

Enter short positions in batches around 3280-3250, targeting 3100, with a stop-loss placed above 3350. It sounds simple, but execution requires patience— the shakeout in the early hours indicates increased market volatility. If the price rebounds above 3280 and stabilizes above 3300, the bearish thesis needs to be reconsidered.

Short-term traders must control their position sizes and avoid greed. The key is to look for shorting opportunities at higher levels and avoid chasing lows.