E Guard, please note,
ETH has moved away from the zero axis due to the weekly MACD being overbought, experiencing a significant pullback from the previous bull market, and is currently in a risky area. Even if it continues to rise, the risk is increasing. If we think in terms of patterns or non-standard trading, the peak for ETH this round may be around 5500-6000 at most.
Currently, the longer the spot positions, the more they are being sold. Don't chase the highs, and don’t buy ETH spot anymore.
From the daily level, there is high volume at the top, and a doji star pattern also indicates a risk pattern or a potential top formation. It is recommended to short on the rebound.
You can short at 4850, add to the position at 4900, and set a stop-loss around 4960.
From now on, regarding ETH, I may consider mainly shorting. $ETH