$ETH Continue waiting for a rebound, looking for opportunities to short at higher levels. The price has completed the first sharp decline from the intraday high of 2208, with direct shorts of the space below being compressed and offering poor odds. You should patiently wait for the price to rebound towards the key resistance zone, which is an ideal secondary bearish entry point. Specific entry zone: 2108-2118. This zone is a pressure band formed by the convergence of the descending triangle breakout neckline (approximately 2114-2125), the 1-hour MA20 moving average (2116), and the 15-minute middle band (2146) below. The stop loss must be set above 2122, which is the superposition of the descending wedge upper rail and the 5-minute level structural high point. A breakthrough means the short-term downtrend structure is broken, and short positions need to exit. The first take-profit level is set at 2089, and after an effective break below, you can hold positions targeting the second objective of 2054. The operational logic is to comply with the inherent demand of overbought correction on the daily line, seizing the exhaustion opportunity of rebounds to strong resistance zones within the downtrend of smaller timeframes, and executing counter-trend shorts at higher levels. Capital management suggestion: This is an operation during the pullback segment within a bearish trend, using 50% of normal position size. Risk-reward ratio is better than 1:3. Core strategy summary: Daily line bullish momentum is exhausted and needs to pull back, smaller timeframe bearish structure is complete, patiently wait for the price to rebound to the 2108-2118 zone for shorting opportunities at higher levels. Historical prediction accuracy shows that the previous round of judgment on bearish pullback was correct; this round recommends continuing this logic, and after the price has already declined for a segment, it is especially important to avoid chasing shorts and should wait for rebounds.