The toughest part on the board isn’t the direct drop—it’s first getting a bunch of people to think there could still be a rebound. When $ETH a few days ago the price was chopping sideways at the highs, many people were still waiting for a continuation to push higher, but what I saw was that the overhead pressure became increasingly obvious.

The key is right here: every time the price tests upward, the force behind it gets weaker and weaker. Once selling pressure shows up, it can knock the rebound back down. This structure has clearly changed—on the surface it’s still grinding, but inside, the bulls are no longer in control.

So I executed a long around 2118.05, not to bet on one big bearish candle, but to follow the board’s exhaustion. Now that ETH is at 1910.31, the PnL shows +912.4%, and the move has extended clearly—the bears’ timing has been largely delivered.

At times like this, don’t let profit get the better of you. Push your protection level lower first. If your position is large, handle it in batches with an 80/20 split, and keep a small portion to see whether there’s further release.

If you didn’t get in, don’t chase and dump. Don’t place follow-up orders—wait for a more comfortable level.

$BTC $SOL