ETH is around 1760, I’m not in a rush to buy the dip today $ETH

Today ETH has returned to around 1760 again. Many people are starting to think the correction is almost over, but today, I’m not in a hurry to stand on the bulls’ side. The reason is simple.

The market hasn’t given a true signal of strength yet.

Although the price has rebounded, every upward move meets significant selling pressure, indicating that some are still choosing to take profits at higher levels.

More importantly, during the rebound, buying volume hasn’t increased noticeably. There aren’t many funds truly willing to chase the highs, and the market’s ability to absorb supply is still weak.

For me, a rally can be driven by sentiment for a while, but a trend must be sustained by capital.

What I see now is that the bulls are increasingly struggling to push forward, while the bears are regaining control of the rhythm. As long as this state doesn’t change, I’d rather patiently wait for opportunities at the highs than try to guess the bottom early.

If ETH rebounds to around 1760-1770, I’ll focus on bearish opportunities.

First target is 1735, second target is 1718; if 1746 is effectively broken to the downside, then 1705-1688 will become the next key area to watch. Of course, trading always has another possibility.

If the price can reclaim 1784 and hold above it, accompanied by a clear increase in buying volume, then today’s bearish thesis becomes invalid. I will adjust my plan immediately, rather than fight the market.

Today’s Hunting Plan

🕸️ Hunting target: bearish bias

🚗 Hunting position: 1760-1770

🙂‍↕️ Exit (turn back home): above 1784

🎯 Hunting target: 1735 → 1718

👀 If broken below, look to: 1705-1688

The real opportunity is not to buy as soon as it drops, but to wait for the market to prove again that the bulls have regained control.

—— Zoe | Trading Decision Room