Yesterday's long position on Ethereum around 1750, the chart briefly dipped to 1747 before turning upward. This morning the price surged above 1800, and I advised everyone to take partial profits and let the remaining position ride.

For long positions, in principle, if it breaks below 1700, we are out. So if our stop-loss at breakeven is hit, we can re-enter at lower levels if the opportunity arises, and exit if it drops below 1700. If you find it troublesome to operate, you can follow the strategy and arrange accordingly.$ETH

At present, the short-term trend is bullish, and it's perfectly fine to go long on this bounce in the short term. However, looking at the longer daily chart cycle, neither technical indicators nor market news provide any substantial signals confirming a trend reversal to a bull market. This rally is more likely a short-term recovery bounce within a bear market, and the overall macro trend has not changed.

The daily level of 1900 is currently a crucial bull-bear watershed. There is significant overhead resistance from previous trapped positions, so the pressure is considerable. If the daily candle closes firmly above the 1920 level in the coming days, the bullish structure will fully open up, and only then will there be a chance for the market to move above 2000;

For short positions, just wait patiently. When the price reaches the heavy resistance zone of 1870–1888, you can start entering to bet on a local top, with a uniform stop-loss set above 1928. If the price later breaks strongly above this defense level, it means my judgment is invalid, and we should decisively stop out and not fight the trend.