Getting up in the morning to check the market, ETH is sideways around 2344, down more than 1%. Honestly, this position is quite tricky, last night I even touched a high of 2423, but today it pulled back to test the low of 2313.

Recently, ETH has been really frustrating, the fear and greed index is at 47, a neutral state that’s neither here nor there, it feels like everyone is waiting and watching. I initially wanted to buy the dip around 2320, but after hesitating for a while, I missed the chance, and now it’s back at 2344.
Today’s trading volume is 1.11 billion, still quite active, but a 4.75% intraday fluctuation isn’t really a big deal for ETH. Looking at the funding rate, it’s negative, indicating there are quite a few short positions, but -0.0046% isn’t particularly extreme.
Reflecting on it, I think I was too cautious; this kind of oscillating market is actually quite suitable for short-term trading, with a decent range of 2313-2423 for operation. But on the other hand, the overall market sentiment is so neutral right now, everyone is waiting for some catalyst to appear.
Continuing to observe tomorrow, if it can hold above 2350, there might be a chance to test the previous high again. What I’ve learned recently is that in a choppy market, you need to dare to act at key levels; hesitation will cause you to miss opportunities.