Evening News$ETH

Ethereum is currently slowly climbing like a bulldozer, with the chart showing continuous strengthening. Most retail investors are starting to shout "bull market is back," but I'm putting a question mark on this for now! Considering that the overall larger cycle is still in a bear market structure, this rally looks more like a trap set by major players to create a false bullish trend.

After the market continues to grind upward, creating the illusion of a recovery, retail investors who can't bear the anxiety of missing out will be tempted by the chart and follow the crowd to buy high, becoming exit liquidity. Once enough long-side chips have accumulated and the timing is ripe, the whales will immediately reverse and dump. Damn! Another bloodbath!

Market makers also need to put out more bait to lure you in, brothers! Are you already hooked and gasping like a fish out of water? So! You must keep a steady mindset, and don't blindly chase the rally at the current 1800 level. Of course, those who opened long positions earlier at 1600 or 1700 can now comfortably hold and take profits. But as the price has crawled all the way to around 1800, following the crowd to open long positions now is too risky, the risk-reward ratio is not favorable, and you could easily get caught at a local top, either stopped out or trapped on a pullback.

Not far above, 1850 is a dense resistance zone left over from the previous rebound. Now that the price is approaching this pressure area, the resistance for longs to push higher is naturally very strong. Even if the current chart trend is bullish, there's no need to rush to chase the price at the spot. It would be much safer to wait patiently for a small pullback to 1768-1750 before opening longs. Once you enter at that level, you can place a stop loss about thirty to forty points below, which will not easily get hit by short-term back-and-forth swings.

Now, looking at Ethereum's daily chart for short-side positions, around 1900 is the key resistance level above. If the daily candle body firmly breaks through the 1900 level, the subsequent market will likely test the 2000 line, and the rebound space will fully open.

So for betting on a local top at this stage, the optimal entry range is to open short positions around 1870–1888, which offers a relatively reasonable risk-reward ratio. Place the stop loss above 1928. If that level is breached by a solid candle body, it means the short-term rebound structure has strengthened, and our judgment is invalidated, so we should directly stop out and exit.