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I took a look at ETH's recent trend, and it's quite interesting. The current price is oscillating around 2350. From the four-hour chart, the lows are gradually rising, and the highs are moving upward as well. At first glance, it seems like a bullish trap, but a closer look reveals something unusual.
Based on technical analysis, a secondary buy signal has already appeared on the four-hour timeframe. Now, it's just a matter of waiting to see if it can break away from the trend line. If ETH falsely breaks below the 2152 level (according to the four-hour closing price), I might reduce my position by half to be safer. If a four-hour top pattern appears, I’ll consider closing out completely. Conversely, if it truly breaks through, I’ll hold on, and if it drops back, I’ll continue to follow the plan.
Honestly, though, the 30-minute chart's movement is a bit frustrating, constantly bouncing between 1947 and 1973. This kind of trap can easily erode capital. I'm currently waiting—either for the 30-minute timeframe to break out of the central zone and trigger a third buy, or for it to break below the parallel lows at 1926, 1935, and 1940.
I personally lean toward the probability of a breakout, since both lows and highs are gradually rising. This kind of movement usually isn't a sign of a trap. But before confirmation, I still need to be patient and not get caught in this repetitive trap.