ETH has shown a clear technical reversal in recent movements. As of 20:31 on January 8, the ETHUSDT quote is $3,106.31, with a decline of -3.43% over the past 24 hours. The 15-minute candlestick pattern at this time reveals a lot of information.

From a technical indicator perspective, the price has effectively broken through the key level of the 50-day moving average (MA50) at 3,136.25, which is a quite obvious bearish signal. More importantly, both the MACD and KDJ indicators have formed death crosses and are in the bearish zone, and the resonance of these two heavyweight indicators indicates that a short-term weak trend has been established.

Based on this technical background, a relatively prudent trading approach is to adopt a light short position. However, shorting also requires discipline—first, closely monitor the support level at 3,086.26. If this level is effectively broken, consider increasing the position. Conversely, if there are signs of a rebound near this support level, be alert, as the risk of a short-term rebound cannot be ignored.

Setting a stop-loss is also crucial; it is recommended to place the stop-loss above the MA50, at 3,136.25. This approach protects profits while preventing being easily swept out by short-term volatility.