With this cut, the short thesis I’d been watching earlier has effectively been cashed out. After $ETH days ago pushing up to the highs, it was still stubbornly holding up on the surface, but the actual market action was already off. The rebound kept getting weaker—the moment it was pressed down from above, it fell back. Many people are still waiting for it to keep pumping higher; instead, I’m more concerned about whether it will stall.

What really caught my attention was ETH around 2118.05 repeatedly failing to break higher—buyers couldn’t keep up, while sell pressure kept persisting. This level is critical. If it can’t build a push, it isn’t strength. Continuing to grind on will only leave the longs increasingly passive. Later, when the price hit 1862.99, the short position profit was +1119.42%, and the market’s room for movement was released very decisively.

On my side, I’ll handle it in batches with an 80/20 approach: first lock in most of the profits, then use the remaining smaller position with a protective stop to watch for any extension—no hard holding against the order flow. Put simply, the rhythm has changed. After you’ve made profit, you need to stay calm. If you didn’t get on board, don’t chase—wait for the next opportunity, and move only when the position is more comfortable.

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