Ethereum has once again broken through new highs, how should we view the next steps?

Orange believes that if one is considering shorting, it might be wise to take a light position; however, one must not heavily short here. Even if you take an initial position, it’s fine to add to it once a downward trend appears, since the current upward trend cannot be referenced, especially with unknown space above it. If one chooses to go long, the only suggestion is to place the stop loss above 4759.

For market conditions that one is less familiar with, Orange suggests it’s best to observe, as exchanges operate 24 hours a day and there are opportunities in the market every day. There’s no need to rush into blind orders that could put oneself in a passive position. Sometimes, being patient and holding back can help you avoid making mistakes.