Recently, I've been watching the ETH chart for the past half hour, and it's quite interesting.

The voices in the community are very mixed. Many people see the MACD death cross and the price dropping from 3383 to around 3330, and they rush to call for a short. My view is different.

This is a classic retail trap. Seeing a decline, they think the trend is over, but in reality, this is just a pause in the upward movement. During the rise from 3060 to 3380, the trading volume was extremely fierce—each candlestick was higher than the last. Now, during the sideways adjustment phase, the volume has clearly shrunk. What does this mean? It indicates that the main players haven't been selling off; it's the retail traders who are exiting.

Technically, this is called a "bull flag" pattern. The large bullish candlestick at the front is the flagpole, and the current shaky consolidation is the flag. As long as the flag doesn't break the support level, there will usually be another bullish candlestick of similar height afterward. Shorting at this point is like betting on a train to stop on the tracks—an extremely risky move.

The overall trend remains bullish, with no real controversy.

The key difficulty lies in the entry point. The 3330 level is a bit awkward—it's pressed down from above by 3380 and supported below by 3300. The middle area is like a meat grinder, and beginners are very likely to be shaken out. Whether to wait for a breakout or to actively enter is the real consideration.