ETH has been feeling a bit frustrating lately, so I dug into the data to understand what's going on. Most of the big funds in the market are basically trapped, and those whales controlling hundreds of millions of dollars are also holding on tight.

On the bullish side, the whales' average cost is around 2,304, but the current price is just over 2,280, with unrealized losses already amounting to tens of millions of dollars. The bears aren't doing much better either; both sides are bleeding on the profit and loss line. In short, it's a scenario of both longs and shorts getting wiped out, and retail traders are most likely to have their capital worn down by this volatility.

My strategy is simple: I won't clash head-on with these whales. I've already placed orders at two key levels. One is at 2,085 USDT, the bottom; if the whales can't hold and get liquidated, the resulting panic sell-off will be fierce, and I’ll be ready to scoop up the blood. The other is at 2,295, the stop-loss level; if the bulls rebound to this point, the selling pressure will be massive, so I’ll go short there.

For specific operations, I opened 20x leverage but used small positions to strictly control risk. I entered long at 2,085, with take profit at 2,160 and stop loss at 2,055. I entered short at 2,295, with take profit at 2,190 and stop loss at 2,325. I only trade when the price hits my levels; if not, I just watch the show and never make reckless moves.

This kind of chaotic trading just hands money to the whales. Protect your positions well, or you'll lose your capital before the trend even ends.