ETH: The main force is "riding the cable car" at high levels, we should learn to be cats and hunters

Just went downstairs to buy a pack of cigarettes and saw two cats by the roadside staring at a corner hole in the wall, motionless, with passersby not even blinking.

I thought to myself, this is what a qualified hunter looks like. Trading is actually similar to cats catching mice: most of the time you need to "lie low," moving around recklessly will only scare away the prey or exhaust yourself.

The current ETH trend requires us to show some of this "cat nature."

$ETH price is fluctuating around 3290. Although it surged sharply a couple of days ago, reaching 3403, don’t get carried away by this rally.

The main force has already shown its "fangs" above 3400. Taking advantage of the market enthusiasm, they dumped their chips to retail traders chasing the high. It’s like everyone rushing up the mountain, while the main force quietly takes the cable car down.

The current decline is just the main force cashing out profits, and the market is entering a stage of "indigestion."

Many friends ask: "It’s fallen, should I buy the dip?"
My answer is: Hold on!

From the big picture (4-hour level), the trend is still intact; from the short-term (1-hour/15-minute), the speed has become too fast and has "hit the wall," with upward momentum clearly weakening.

There is resistance above: around 3320 to 3340, these are all pressure levels. The chips that got trapped during the recent surge are waiting here to break even and exit, so the price will face selling pressure once it rises.

Below is a gap: the 3290 level is like a halfway point, neither up nor down. The real bottom—where the main force is willing to re-enter and buy—still needs to be explored further downward.

We don’t need to rush; be a patient hunter.

Old script: Short on rallies
Core logic: Keep an eye on rebound strength.
Entry signal: If the price rebounds to around 3310 - 3320 and the rally seems very weak (such as MACD divergence or lack of upward strength), it indicates the bulls are exhausted.

Trading idea: Enter short positions around 3310 - 3320, betting on the market to seek a bottom downward.
Target levels: First target at 3250, ultimate target at 3180.
Stop-loss: Breakout with volume above 3366 to exit the position.

The current market is like being held underwater, holding your breath. The main force set up a beautiful "trap of false enthusiasm" at 3400. The current decline is hunting those who opened high leverage and are eager to buy the dip.

Remember those two cats at the beginning: only those who can endure loneliness can catch mice.