ETH 2950 order hit stop loss overnight. Now it’s already below the 2950 level. The 4-hour chart isn’t showing a rapid drop because there isn’t heavy selling pressure. At this point, going long is no longer rational—this is a retreat-and-advance market. For now, either play dead and don’t touch any positions, or short the rebound when it hits a high. Short-term resistance is around the 3100 range, with major support below at 2780.