Morning, follow-up analysis of ETH market trends:

After ETH rose recently, the reason for being able to buy low multiple times is that a rising triangle structure has formed on the 4-hour chart, or you can also understand it as a converging pattern. Potentially, the future trend is still bullish. The low point of 3365 last night has become a key level for further pullback. As for whether to short above the Rebound, refer to the position mentioned in the chart (the range of 3455-3475, with the precise level near 3462). If the short order becomes invalid, you can consider the high level of 3490. Once it breaks through 3490 (the previous high), it may continue the To The Moon momentum.
If there were still long orders last night, take profit at a pressure point near 3440. If it continues to rise and fall several times, buying low, the space may become narrower and eventually approach the turning point.