Brothers, $ETH is now hovering around $4074, breaking through the psychological barrier of $4000, many people are getting anxious thinking it will surge. But I observed the market and found that the traders are playing the old tricks of false stabilization + false breakout 📉
From a technical perspective, short-term resistance is in the $4050-$4125 range, with support below at $3940-$3915, and the key point at $3880 is the bottom line. The market is fiercely contested here, and liquidation data tells us: both high-position long and short positions are easily harvested by the traders. In other words, whether you go long or short, if your stop-loss is not in place, your money could be harvested.
In terms of strategy, if you want to go long, it’s best to wait for a pullback to around $3940-$3915 support before considering entry, with a take-profit target at $4050; for going short, you can set up near the current price of $4074 or around $4125 resistance, with a stop loss strictly placed above $4125. 📊
Simple summary: Now is not a good time to chase ETH highs; holding cash for risk aversion is the way to go. For brothers who want to operate steadily, it's best to observe the movements of the market makers, strictly control your position, and patiently wait for a real breakout opportunity. The market is this cruel, but if you understand it thoroughly, you can avoid pitfalls and seize more opportunities.
