Ethereum is currently hovering around 2712. The resistance area near the short-term prior high at 2722 is only a step away.
The most crucial battle right now lies in this: this rebound looks pretty strong—do you chase in and bet on a breakdown, or patiently wait for it to fall before picking it up? On the 4-hour timeframe, the bulls haven’t really dispersed yet, but until it drops fully, hitting hard into the resistance zone is very likely to turn you into cannon fodder.
A while back, my brother found me. He said he has several sets of bad unfinished properties in hand that don’t have property certificates, and he wants to team up with a locally famous “wizard” for it.
The wizard wanted to build a meditation retreat. My brother planned it so that the wizard’s disciples would pay for the renovations, and meanwhile they’d also make use of the followers’ resources to help sell a few properties and quickly pull in three to five million. For this, my brother put his posture extremely low in front of the other party—calling him “master” again and again, basically in full-on dog-licking mode.
Actually, those super superstitious people—their real “magic” only works on the followers who have been deeply PUA’d. As long as you pull the reins, those followers dare to put in money for loans. But my brother sees it clearly. His cooperation premise is: you must first help me solve the sales and collections/payment recovery. If you can’t produce real money, he won’t take out a single cent to fund renovations first.
Everyone is keeping score, and none of them is really that stupid. Later, the masters brought people over to hustle and bamboozle for a round. They found they couldn’t get any real benefit, so they patted their butts and left. Not a single cent my brother lost—the house is still the same house. When I talked to Vice President Song about this, he said these people generally have poor socialization; they can’t understand the contractual spirit of the modern business world.
In essence, most people’s way of doing things is completely an “open-loop system.” They only have a direction and just charge forward without looking at the real feedback right now. They ignore body indicators while eating folk remedies, keep pushing until everything is lost and the whole family is burdened with debt—only then do they give up. No matter what kind of great system it is—even an unremarkable little business—it must be a closed-loop system. It adjusts anytime based on real-world feedback.
Coming back to the ETH chart right now, trading is also a business of trading based on feedback. These past two days, the main force has been repeatedly washing the market back and forth within the box range of 2630 to 2720. Now the short-term rally looks lively, but when momentum is nearing the resistance level, it has already started to fade.
Since the real feedback the market is giving is “breathless,” there’s no need to follow the emotionally charged retail crowd and harden into it. As long as it hasn’t strongly broken through 2722 and even 2750, everything above is stuck-longs overhead plus supply pressure—if you can’t break it, it’s just a bait-and-trap for a fake breakout.
The long-term bull logic is indeed there, because the support near 2660 is solid. But trading has to be like my brother—don’t release the hawk until you’ve seen the real rabbit. Only when price comes back and honestly retests the 2665 to 2690 range, while volume shrinks and the support has truly been tested—this is the real safety feedback the chart gives you. Only with a clear closed-loop feedback, then use real money to exchange for positions.
【Uncle Kong’s tonight trading strategy】
Tactical direction: Long
Entry zone: between 2675 and 2685 (those eager to sprint ahead of the resistance level—profits and losses are your own)
Life-preserving line: 2645 (if it breaks below this level, admit the mistake and exit unconditionally—life first, never hold the bag)
Take-profit range: 2740 to reduce position / 2780 to fully close
Strategy validity: If no trade is executed within 6 hours after the article is published, the strategy automatically becomes invalid.
Before you get feedback, holding cash in your hands and doing nothing is itself a kind of barrier.