ETH broke out of the triangle pattern and hasn't slowed down, continuing to rise steadily. However, recently its performance has been a bit stubborn, with short-term fluctuations at high levels. Essentially, it's moving sideways instead of falling, with indicators continuously digesting. Based on the current pace, there's a high probability of another wave of accelerated upward movement.

It's still some distance from the previous high, but if all goes well, it should break through directly and then hit a new high. My expectation is in the 3480-3500 range. That said, chasing the rally at the current position would be too greedy. Looking at the 4-hour chart's bullish momentum, it has already started to decrease in volume, which indicates what? After reaching a new high, it might turn downward.

If you want to short at high levels, you could consider placing an order around 3480u. That's the general idea.