$ETH continues to maintain a bullish outlook
From the daily chart structure, ETH’s current uptrend hasn’t been broken yet.
So at this stage, my thinking isn’t to rush into shorting. Instead, it’s:
Go long first—see how much further it can push up.
Based on the current market analysts’ focus on key resistance zones, I believe ETH still has room to continue testing higher, larger resistance areas.
If this round continues to break through the previous resistance with increased volume, market sentiment can easily heat up again.
But!
When it truly reaches the major resistance zone, I’ll actually start preparing for a big shakeout.
Why?
Because the higher the price goes, the more chase-buying capital there is.
Those who missed the earlier entry will start FOMO, while those who are already in profit will begin to take profits, and leveraged longs will become increasingly crowded.
At that point, if ETH shows in the major resistance zone:
Price spikes but gets rejected → quickly pulls back → breaks below short-term support
…it’s very likely to trigger a relatively large shakeout.
So my scenario is actually quite simple:
Right now, keep looking to go long.
First, see whether ETH can continue pushing upward to hit an even higher resistance area.
Once it reaches the major resistance zone, don’t chase the price—start watching for signals of a higher-timeframe pullback.
If a deeper shakeout really does happen, I’d actually refocus on the support below.
Because for me:
A shakeout doesn’t necessarily mean the bull market is over.
As long as the core structure hasn’t been broken, after the pullback, if it regains and holds key areas again, it could instead be preparation for the next leg of the rally.
So now:
Go long first → push higher → guard against a major shakeout → pull back → then reassess for the bull run.
That’s the clearest ETH trading scenario I have right now.