Everyone, who understands the feeling of casually tossing something aside—and then it blows up the whole account? I opened my account and just stood there dumbfounded.

I was so busy earlier that I didn’t even want to look at the order book. Then $ETH around 1650 just kept stalling. In a moment of impulse, I placed a long position, threw my phone away, and went to a meeting. Just now I tapped back in and saw the price had already run up to around 1727. My unrealized profit instantly left me completely speechless.

No—this kind of forgotten position is more intense than staring at the charts all day. It’s honestly outrageous.

I used to always think that watching the charts was the only way to make money. But now I realize that sometimes “lying low” is the best strategy. From this wave of $ETH—rallying from the earlier low point all the way up to now—every long that hasn’t been liquidated is laughing.

But to be honest, the more you stare at this kind of market, the easier it is to start messing around. The more you mess around, the more likely you are to get hit from both ends.

Now $ETH is at 1727.91, down 3.73% in the past 24 hours. Overall, it’s still grinding in a sideways range. Chasing higher prices from this level is definitely not a good idea, but you also have to watch out for a sudden spike that could whip up the market.

The way the order book feels to me is: the longs haven’t completely died off yet, and the shorts haven’t fully taken control either—both sides are waiting for a trigger point.

I just saw news about the US and Iran: they say the memorandum of understanding has been completed with electronic signatures, the strait blockade is going to be lifted. Oil prices are heading lower, which directly benefits inflation expectations, and risk assets are rebounding across the board. If this actually gets implemented, it’s like the sword hanging over the crypto world has finally been taken down.

The long positions that were weighed down by the Middle East situation can finally catch a breather. In 30 days the blockade is set to be lifted, and there’s a 60-day window for nuclear talks—this timetable is right there, so in the short term market sentiment will most likely turn warmer.

But don’t get too excited. Trump’s side also said that if the talks fail within 60 days, sanctions will be reinstated. This could bounce back and forth at any time.

Still, in the short term, there’s a pretty good chance that funds will flow back from safe-haven assets into the crypto market. Liquidity recovery is good news for $ETH and the altcoins. At least over the next few days, I don’t have to keep worrying that a missile might suddenly fly in the middle of the night and knock my positions flying.

In your forgotten positions, is there one that suddenly turned around? Tell me—I want to envy you.
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