$ETH has established solid support at the 4200 level, with an upward trend that is unstoppable. Most people are selling or shorting below 4000, while the market holdings structure is light above 4000.

After breaking through the bearish resistance in the 4100 area, the resistance above is sparse. It is expected that a retaliatory short covering and FOMO buying will work together to drive the price up quickly. If there is significant bad news, the chances of a deep pullback for buyers are slim.

The 600-point pullback below 4000 has fully released the profit-taking pressure, and the current selling pressure is limited. The shorts lack the support of holdings, making it difficult to withstand the bullish momentum. At this time, the risk of shorting outweighs the potential gains, so it's better to go with the trend!