ETH current market technical analysis:

The bearish outlook is positioned at the 3120 level (with a tolerance of 5 points), using 20x leverage with a 10% position size. The stop-loss is set at 3350, and initial take-profit is locked in at 3060.

The market performance is indeed "textbook level"—completely following the trend line, without effective breakdowns. After the previous dip wiped out our long stop-loss, I initially didn't plan to continue bullish. But strangely, Ethereum is currently moving higher along the trend line, with lows continuously rising, which warrants caution.

From the main force perspective: what is the probability that retail investors are just giving away money? Looking at the long position accumulation above the trend line makes it clear—far exceeding the short positions. The main force is very likely "raising pigs" here, giving retail investors some profit space to boost sentiment, then striking a fatal blow. This is the tactic of mature market makers. Generally speaking, without sufficient short counter-orders, it’s difficult for the main force to accumulate long positions.

Currently, the market shows signals of sideways consolidation + increased volume. The logic is straightforward: while retail investors are going long, the main force can only set up short positions. So my conclusion remains bearish, and I must enter before the breakdown. Once the breakdown succeeds, there may be no better opportunity to get on board afterward.

Risk warning: Avoid heavy positions; only test at key levels. This is not a long-term holding guidance, only short-term technical reference.