ETH has returned to 2000 again.
But to be honest, my current feeling has nothing to do with 'the bull is coming'; instead, I have become more cautious.
From the trend, the bearish trend of this round of decline has not been truly broken, but there is a very obvious change: it has become very difficult for the bears to push the price down.
The trading volume is increasing, the sell orders are still there, but the price is not dropping; the funding rate is close to 0, and both longs and shorts are beginning to hesitate; the large holders' long-short ratio is slowly leaning towards the bulls. This is not the frenzy before a surge.
It feels more like the main force is slowly changing hands at a low position.
So for the current ETH, I prefer to define it as:
From a unilateral decline, entering a long-short game area.
In the short term, I will focus on two positions:
• Below 1950–1980, as long as it does not break, the structure is still intact.
• Above 2100, as long as it hasn't stabilized, it can only be considered a rebound.
In this market, the easiest to be harvested are not those who are bearish, nor those who are bullish, but those who are eager for an answer.
I do not predict bottoms, nor guess tops, I just wait for the market to show the direction.
The market will not lack opportunities, but patience is always the scarcest chip.
