ETH 2026.01.16 Still holding $ETH spot bought at 3080 as the bottom. The next few days will most likely focus on consolidation. Let’s observe the structure and depth of the adjustment. If it doesn’t look good, there might just be one more rebound before it’s over. At that point, I’ll clear out the spot holdings and look for a chance to short (red route). If it looks good, there could be another wave of growth. Even then, I’ll clear out the spot holdings and look for a chance to short (blue route). If we follow the blue route, we’ll keep an eye on Gann timing around 1.23. If this route plays out, the high point won’t deviate too far from that time. The difference between the two routes is whether there’s one more wave of growth. The common point is that the daily rebound starting from 2623 is already nearing its end. Once the peak is identified, the downtrend will continue, with a minimum drop expected until early March.