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Ethereum is currently around 3630, and I personally tend to shorting this position. Price fluctuations within 5 points up or down can be considered for get on board, and I recommend using 20x leverage with a 10% Position. Set the stop loss at 3650, which means the maximum loss would be about 1.2% of the principal.
The strong rally in the early session today was clearly aimed at sweeping up the short positions. After such a washout action, it is highly likely that it will accelerate downward. With a stop loss space of 20 points, it's worth trying out.
Just a reminder: this is only a short-term exploratory operation, not a signal for heavy positions or all-in bets. It’s enough to verify key points with light positions; don’t gamble on a long-term direction.