I just received a screenshot from a fan, showing an ETH position chart, which clearly states: bought all the way from 3600 to 4200, at the highest point a paper profit of 11,000 USDT, now it has fallen back to only 6,000 USDT in hand.

In fact, many people have similar experiences, not wanting to sell at the peak, thinking it can go higher, but a wave of decline brings them back to reality. But to be honest, this trade isn't bad; at least it’s still in the profit zone, just a bit shaky in mindset.

When I first looked at the chart, the first thing that popped into my mind was Fibonacci retracement. A nearly 50% drop from the peak of 4200, this position itself is a strong support area. The market often either accelerates through this position or creates an opportunity for a secondary attack. The key is whether the volume can keep up next.

From the structural perspective, the previous rise of ETH was too rapid, and a pullback is normal. As long as the 50% range holds, the market is likely to consolidate here before testing the previous high again. In other words, this is actually a watershed; if it holds, it's building momentum; if it breaks, it's a deep squat.

So I told him: don't be scared by the current paper profit; 6,000 USDT is not the end point. You need to consider whether you are willing to follow this trend to the end. Whether the market can launch an attack is not something we can decide, but whether your position and profit-taking strategy can allow you to smile in the end is something you can control.

In simple terms, this wave of ETH is in the 50% retracement range, worth keeping a close eye on. The possibility of an upward attack does exist, but if it really breaks through, don’t hesitate; take profits in time. The market has given you two choices; don’t be reluctant to run away a third time.

For a profitable trade, how you cash out is more important than the direction.