Ethereum has already broken through the key level of 3100 on the 4-hour chart. The next focus should be on the strong support level at 3080. Once this level is also broken, consider increasing short positions.

Looking at the 1-hour chart, the downward momentum is not very smooth. The upward move in segment a of the consolidation has ended, and the decline in segment b has just begun. To move higher, the consolidation must stabilize above 3150, but honestly, the probability is relatively low, mainly due to insufficient volume. Conversely, shorting at this position is easier, with a target of 2900.

Below 2900 is a major support zone. If a rebound occurs back to 3050 but does not break through, there is still an opportunity to continue shorting.

Regarding Bitcoin, there are not many scenarios above 80K, mostly in a shorting phase. For larger-scale trends, refer to longer time frame charts. I am bearish on Ethereum's overall large-scale trend; the bottom is still far away. This process will definitely be dominated by oscillating declines, with repeated fluctuations in between.

The subsequent market updates will be daily; that's all for tonight.