This drop didn’t come out of nowhere—there were already many details beforehand warning of the risks. Those few times when $ETH surged near the highs looked fierce, but each time it couldn’t hold after the push, suggesting it wasn’t healthy uptrend—more like luring in long-chasers.

The key is around 2079.09. At the time I wasn’t looking at whether it could keep charging up, but whether there would be anyone to take it after the surge. The result was clear: the support kept getting thinner. Once the price fell back into the range, the long-chasing positions started to panic. Now it’s already hit 1921. The short position is up +1321.62%, and the room for volatility has opened. This kind of realization doesn’t need much explanation—the chart itself answers.

Here, I won’t expose all profits to a rebound. An 80/20 approach with staged handling is more suitable for the current pace. Most will be taken off first, and the remaining position will be kept with a protection level—let’s see if it can still continue to trend lower.

If you didn’t participate, don’t chase. Chasing at lower levels is very passive—wait until the next rebound meets resistance, then take a look for opportunities.

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