The key level I was watching has finally delivered the answer. This $ETH move isn’t a normal pullback—after failing to hold the highs, it’s an active push downward.

At the time, I was watching the 2185.21 area. Every time price pulled back up, it couldn’t keep going. On the surface it still looked like range-bound action, but the structure had already clearly changed. A lot of people were still waiting for a breakout, but what I saw was overhead supply getting heavier. Once that key level gets smashed through, the shorts can easily press lower with momentum. Now price is already at 1730.98. This short position is up +3613.73%, and the room for volatility has opened up nicely.

One thing to note: short-trade profits are the ultimate test of human nature. When it’s falling, you want to take even more; when it rebounds a bit, you worry about giving profits back. So I won’t hand all the profit over to the market. Splitting and managing it with an 80/20 approach feels better—take profit on most first, and use the protective level to follow for the remaining part.

Next, I’m not in a rush to add positions. I’ll first watch the quality of the pullback. If you’re not already in the trade, don’t chase entries, and don’t chase at key levels either—wait for a more comfortable spot.

$BTC $SOL