Last night's trend basically confirmed my judgment from yesterday. #ETH（二饼）
I mentioned that—don't chase long positions above 4150, as the sentiment was already overheated and the capital clearly stagnated.
Sure enough, after reaching a high of 4174, the bulls lost momentum, and the trading volume sharply decreased, followed by a downward fluctuation all the way.
The wave of selling that started in the early morning was a typical 'trap for bulls followed by a counterattack'.
From 4150, it dropped all the way below 4000, reaching a low of 3925, directly fulfilling my target range: 3900–3950.
Currently, the price is fluctuating around 3980, which is a short-term digestion zone.
From the market structure perspective: the strong support is at 3900 below, and the short-term bearish momentum has temporarily been released;
Above, 4050–4080 is a key resistance zone; do not act rashly before a significant breakthrough in volume.
Although the market is stable, the bulls have not regained control yet.
If it stabilizes above 4000 today and attacks 4050 again, a short-term rebound is to be expected;
Conversely, if it drops below 3950, it will test the 3900 defense line again.
At this position, the best action is not to bet on the direction but to wait for a signal before moving. The market is currently too bearish; being passive is the way to be proactive.
