$ETH Someone is starting to chase the high again at 2350. Do you think this wave can still break through directly?

Don't get caught up in short-term movements; this segment is clearly showing signs of fatigue. The area around 2350 is not the first time trying to push through; the upward momentum is weakening. The market gives the impression that it can't break through but also doesn't want to sell off directly. In other words, the main players are repeatedly exhausting emotions in this range. Trading volume hasn't kept up; when it rises, people start selling. This is a typical high-level consolidation pattern. Pursuing longs at this position isn't very cost-effective; it's better to wait for a pullback after a rally that faces resistance. In the short term, the outlook is not too bearish, and the rhythm will likely revolve around repeatedly testing 2350.

But looking at a longer cycle, this isn't a top; it resembles a consolidation during an upward trend. Structurally, the lows are rising, and the highs are holding steady. Essentially, it's a strong consolidation rather than a weakening trend. Funds haven't retreated significantly; instead, they are rotating. As long as the pullback doesn't break the key support, a new upward attack is just a matter of time. Breaking the previous high is highly probable.

Simply put, in the short term, you can follow the trend to short and ride the volatility; in the medium to long term, the main strategy is still to buy low. This kind of market often tricks people into selling out, and the real upward move usually comes after the consolidation.

Rick's thinking is very clear now. Fans who want to get in, come on!!!
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