Today's trend in Ethereum looks like it's gearing up for something big

Throughout the day, it has been fluctuating between 4550 and 4650. It seems boring, but in reality, it is waiting for direction.

Most people find sideways movement uninteresting, but those who have really watched the market know that trends often take off when everyone is dozing off.

First, let's look at the larger structure. This wave has climbed from around 4000 all the way to a peak of 4957, then quickly dropped back to around 4500.

Many think this indicates a top, but that's not the case.

If you look at the daily charts, moving averages are still bullish and 4500 is just at the support zone of the previous trading range. It's not easy to break through this level.

In other words, this position looks more like the main players are washing out short-term floating positions while simultaneously reaping profits from impatient buyers.

Now looking at the short-term cycles, the 1-hour chart shows that moving averages have reattached, and the volume has clearly diminished—this is a standard accumulation pattern.

As long as we see a strong bullish candle with volume, it could take out the short positions above and push the market back to 4800 or even test 4900 again.

Conversely, if it fails to break through tonight or tomorrow and falls below 4500, we need to be cautious, as a panic sell could drive the market back to 4300.

Therefore, my own trading strategy is quite simple: I won't chase direction; I'll wait for the market to speak for itself. If it breaks above 4650, I will enter with a portion of my position to ride the trend.

But if it drops below 4500, I would rather cut my losses than confront the market head-on. There are always opportunities in trading; what is lacking is the capital that can survive.

Honestly, after being washed out by sideways movements and false breakouts countless times over the years, I’ve slowly come to understand this principle: don't guess the market; the market is always smarter than you.

Focus on key levels, maintain your mindset, and patiently wait for signals. When it’s time to enter, have the courage to do so; when it’s time to exit, have the courage to run. This is the secret to surviving in the cryptocurrency space.