The author is shorting ETH with an entry at $1,640 and planned additions between $1,680 and $1,700. The trade has a stop loss set at $1,735 and multiple downside price targets at $1,521, $1,385, $1,000, $888, and $0. Despite being stopped out recently, the author maintains a bearish sentiment and views ETH as the best asset to hedge short positions.