$ETH Why is the ETH trend so weak today, yet I choose to continue going long?
Because I am not a retail trader who follows market sentiment; I am a trader who relies on logic and rhythm to profit. Although ETH is generally weak today, in my eyes, this is precisely the opportunity.
First, the structure is intact.
The daily chart is still in a strong consolidation at a high level; the pullback is just a buildup of strength, not a trend reversal. A true top is often not formed by a drop but occurs when the upward momentum fails and the buying volume is exhausted, leading to a sharp decline. Today’s pullback is actually a move by the main players to wash out weak hands and shake off emotional traders.
Second, the capital game is very clear.
If you look carefully at the order book structure, there are continuously buy orders at the bottom, which are quickly eaten up after a sell-off. This indicates that large funds are buying in at lower levels. The market is not afraid of falling; it’s afraid of falling to a point where no one dares to buy. Currently, ETH is just washing out floating positions.
Third, there are a large number of short positions waiting to be liquidated above.
Ethereum's US market continues to increase positions, and the short-term target of 3000 is the level where bottom positions take profits and exit. Additionally, since it’s the weekend, the market lacks liquidity, leading to a relatively weak trend. However, 3040 is just a short-term resistance level. If there is no breakout over the weekend, the market will still primarily focus on consolidation and adjustment. We need to wait for Monday's buying volume to stimulate the market; the downward movement will not be too large, with the first target looking at 3105 and the second target looking at 3400.
This is not being stubborn; it is methodically taking profits in the market.
Those who know understand—'The most beautiful long positions often emerge from the ugliest candlesticks.'
