$ETH is currently the most psychologically challenging coin. It rises quickly and falls just as fast. During the live stream, I saw it rise to 4450, but after waiting for a long time, it didn't break through strongly. I mentioned that it might be time to take profits on half, keeping the rest at break-even stop-loss. In the early morning, it dropped to a low of 4300.
$ETH has been oscillating in this range for 7 days now. Based on the time, a breakout should be coming soon. The current price is 4370, and I can't say if the morning's rise was just a smokescreen. I think if you want to continue going long, you can wait until the afternoon. As long as it stays within this range, you can go long!
These past few days, I've been accumulating at the bottom. I'm afraid that if I go short, it might shoot up like an arrow!
Waking up in the morning to see the market still hovering around the price of 4300. My eyes are open, but my mind hasn't booted up yet. I grabbed my phone and directly placed long orders for ETH and two altcoins: AAVE and Fartcoin. This market has been consolidating at the 4300 level for 5 days now. If you ask me, we're about to reach a decision point in the market. At this level, I tend to lean bullish!
These past few days, whether it's long or short positions, the holding process has been quite torturous. It can't seem to rise or fall; ETH has been fluctuating within a $100 range all day. However, the good thing is that as long as it drops, it can hold up. The next day, as long as the price remains within the range, I'll go long.
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