$ETH Since 2650, I have repeatedly emphasized: don't chase the highs! This is not hindsight advice, but a calm suggestion based on recent market sentiment and trends. Especially at the 2550 level, the risks far outweigh the rewards. I have clearly warned: now is not the time to go long.

In the past, I might have rushed to enter long when the price dropped from 2730 to 2620, but now I won’t even touch 2520. Why? Sentiment and order book information tell me that while there might be some short-term gains, the long-term outlook is already showing signs of fatigue.

This wave of the market is not about technicals, but about human nature. The bears have finished their play and are starting to clear out the bulls. Especially those who were hoping for a resurgence at 2800 often end up being the ones harvested. The bottom short positions have long been cleared, and the big players completed their selling around 2700. The current pullback is not just a simple 'washing out'.