ETH drops below the 3000 mark again, and this decline was no surprise. Two days ago, some people still confidently bullish at 3230, claiming that 3200 was an unbreakable support. Now, this once "ironclad" level has become a ceiling, and the waterfall decline from 3400 to 2900 has caused many investors attempting to catch the bottom to pay tuition fees.

The most profound lesson the market has taught us is: it's better to respect the trend than to stubbornly hold onto faith. From the rebound at 2910, although it touched briefly, it was nothing more than a "dead cat bounce." The area around 2980-3000 now is densely packed with trapped orders—that's the brutal reality of top-to-bottom reversal.

The upcoming situation is quite clear: if the market rebounds back to around 2980 but trading volume significantly diminishes, then this level will become an excellent second shorting point. When the market is falling, only fools would reach out to catch it halfway; truly smart traders are waiting for it to land completely and confirm stabilization before making a move. Don't rush to catch the bottom—every buy-in now could become a head for the main players.