I want to talk about Ethereum honestly. Not as an expert. Not as someone calling perfect tops or bottoms. Just as a trader who has watched ETH move through many emotional phases.
Right now ETH feels heavy. It is not collapsing but it is also not flying. This middle phase is where most people lose clarity.
When I look at this chart the first thing I notice is structure. ETH is still respecting a rising trend line even after the pullback. That does not mean it will pump tomorrow. It simply means the market is not broken yet.
Most people only see the drop from the top. I try to see what price is doing after the drop. Is it completely collapsing or is it cooling down. Right now it looks more like cooling than collapsing.
The problem is sentiment. ETH sentiment changes very fast. One day everyone is bullish. Next day everyone is scared. That tells me the market is emotional not decided.
This heatmap explains why ETH is moving slowly. Liquidity is stacked on both sides. Above price. Below price. The market is not in a rush. It is moving step by step collecting liquidity.
When liquidity sits like this price usually moves sideways and frustrates everyone. Breakouts come later when patience is gone. This phase feels boring but it is very important.
Now add one more layer to this picture.
This is where emotions explode. People see big names moving ETH and instantly think selling is coming. Or manipulation. Or disaster. Sometimes it is selling. Sometimes it is just rebalancing. The mistake is reacting without context.
Big players do not think like retail traders. They move size slowly. They prepare liquidity. They do not chase green candles or panic red ones. Watching their moves should make us calmer not more nervous.
For me $ETH right now is not about targets. It is about behavior. If price breaks structure then I change my view. If price holds structure I stay patient.
ETH has always moved in phases. Expansion. Pullback. Frustration. Then expansion again. The hardest part is surviving the frustration without losing discipline.
If you are feeling confused you are not late. You are exactly where most people feel uncomfortable. That is usually where learning happens.
I am not bullish or bearish here. I am focused. I let ETH show its hand instead of forcing my opinion on it.
Sometimes doing nothing is also a position That is how I see #Ethereum right now.
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