ETH is now clearly breaking down and trending lower, with the bears fully in control. Don't even think about bottom fishing.

The market signals are very clear: the price has directly broken through the critical support at 2140-2160, indicating a complete bearish structure. Market sentiment is already panicking, and the bulls have little to no strength left to fight back.

Pay close attention to key levels:

Rebound resistance zone: 2120-2140, this is the limit of the rebound and the most comfortable area to short.
Support below first looks at 2050-2070, and further down is the 2000 integer level, a vital support line.

In terms of trading, there's only one rule: don’t mess around.

If you hold long positions, exit immediately when the price rebounds to the 2120-2140 zone—don’t hold onto false hopes.
If you want to short, wait until the rebound stalls in this zone, then go short. Set your stop loss above 2160—no dragging your feet.

Remember one ironclad rule: until the price re-establishes stability above 2140, never go against the trend to bottom fish.

To sum up: at this stage, only short, not long. The key opportunity to short will come if the rebound reaches 2120-2140.