That spike up ahead already looked off to me. A lot of people were staring at the red candles, excited, thinking $ETH could keep getting pushed higher, but what I was watching at the time was the reaction after resistance—couldn’t push through, couldn’t hold its ground, and the pullback came fast. That kind of rhythm isn’t strength; it’s the main players slowly distributing positions from above.

The real shift came when ETH neared 2118.05. The price seemed to still be holding up, but the order book got increasingly thin—the buy side didn’t keep pushing, and the rebound height was narrowing. In plain terms, the rhythm changed. Earlier, it was probing the longs’ confidence; once that breaks, it’s easy to see a trend-following downward pressure move.

This round pushed down to 1853, and the short positions’ profit is already +1163.66%—the extension of the move is clear. I won’t get greedy to the point of losing control here. I’ll handle part of it using an 80/20 approach first; the rest depends on whether the protective level can keep holding. If you’re not already in the trade, don’t rush—at this spot, don’t chase. It’s better to wait for a more comfortable entry before moving.

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