Ethereum 1730’s public long was just fully closed at 1815. The volume is too weak—so I’ll take the profits for now!

Over the past two weeks, Ethereum has climbed steadily from around 1500 to above 1800. This bulldozer-style rally—throughout our whole thinking, we mainly focused on going long and following the trend. I’ve also repeatedly told everyone before that this current long-side structure hasn’t ended yet; in the short term, the overall direction still leans bullish.

Just now at 1815, I took profit and fully closed all the long positions I entered at 1730. The main reason is that the upward move currently lacks momentum and volume; I’m first locking in the profits. Also, price is already very close to the upper shorting zone. From the perspective of the larger cycle, the overall market is still in a bear-market environment, and the price won’t keep rising endlessly. Next, pay close attention to the key resistance level at 1900. If the subsequent rebound into the 1870-1888 range fails to gain strength, then you can set up short positions. Place the stop-loss at 1928 and bet on a local top—the risk-reward on this trade looks very attractive.

So, for Ethereum: short 1870-1888, defend at 1928, targets 1830-1785-1720$ETH