Ethereum $ETH has rebounded from the bottom and already moved through a 400-point range so far. Many people are now wondering whether the bottom has already formed.

My view: the bottom has not been confirmed yet. This leg of Ethereum’s rebound is aiming directly at the densely packed short-term trapped area overhead. 2000–2200.
The harsh reality of a bear market: rebounds rarely allow most trapped holders to get fully out at ease. Historical patterns are right in front of us—these trapped chips from this bear market often only get a chance to break even in the next bull cycle. So don’t blindly bet on a bull-market reversal, and don’t treat the rebound as proof that the trend has bottomed out.
Looking at the BTC $BTC chart, when price pushes up to attack the densely packed trapped area, its upward momentum is clearly hesitating. In the 68,000—70,000 range, a large amount of spot-position entry chips has piled up, and the sell pressure is not to be underestimated.
In this market move, I’m focusing on building short positions, taking the opportunity from this rebound being under pressure.
At the same time, thank you to all the partners who’ve been with me along the way. Even with the market’s ups and downs, everyone who can hold on and reach here has really worked hard.