Recently, the price of Ethereum (ETH) has begun to fall after reaching a high point, and various technical indicators show that short positions are accumulating. The market may face the risk of a one-sided rapid fall, and investors should remain vigilant and ensure good Risk Management.

Analysts suggest that for traders with a higher risk tolerance, they may consider establishing short positions around the $3800 area. More conservative investors might choose to increase their short positions near $3850. Regardless of the strategy adopted, strict stop-loss settings are essential.

In the short term, the market may test the support level of 3600 USD. If this level is broken, the next important support area may be around 3300 USD.

It is worth noting that the launch of the Ethereum ETF could have a certain impact on the market, and investors should closely monitor relevant trends. However, in the current market environment, excessive optimism may bring risks. Whether holding long or short positions, it is necessary to maintain a cautious and flexible attitude, ready to respond to significant market fluctuations.

Finally, investors are reminded that the cryptocurrency market is highly volatile, and investment decisions should be based on comprehensive market analysis and personal risk assessment.