ETH is fluctuating around $4290, and this position is not simple.
In the past few days, ETH has rebounded continuously, but the 4350-4370 range above is a previous high point resistance area that has been pushed down multiple times. In other words, short-term buying is approaching the 'ceiling', and if you're not careful, you may get trapped.
The MACD bullish momentum is shrinking, and the volume has not kept up, indicating that funds are starting to hesitate at high levels.
If there is no quick increase in volume to break through 4350, the price will likely pull back once first.
Pay close attention to the support level in the 4220-4180 range below, which is the key area for the previous wave of rally.
If effectively broken below, the short-term rebound pattern will be disrupted.
This is a personal trading thought, not a call to action.
Aggressive
Short in batches with light positions near the high level (4320-4350), stop-loss at $20-30, with the initial target at 4220.
Don’t go all-in; the market can break out at any time.
Conservative
Wait for a stable pullback in the 4180-4220 range before lightly going long, with the stop-loss placed below 4150, aiming first at 4350, and after a breakout, looking at 4480.
Follow up on breakouts
If there is a direct breakout with volume over 4350, wait for a 1-hour level pullback to confirm support before following up to go long; don’t chase at the highest point.
The current position is a high-pressure area; going long is easy to get trapped, and shorting is easy to get stopped out, so manage your positions well.
Keep each loss controlled within 2%-3% of the principal; if you make two consecutive wrong trades, take a break—don’t force it.
The pace is faster than you think; if you react slowly, it’s better not to trade.
Personally, I only act when I am 100% sure; at other times, I prefer to stay in cash and wait for signals.
In this market, surviving is more important than making money; making money is just a side effect.
