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Finally got a screenshot of some profits today. ETH’s price action has been grinding down anyone trying to play the breakout. Whether it breaks up or down, if your stop loss is set too tight, your capital gets wiped out back and forth. The price has been hovering around the same area, but it’s holding steady. My own trades are the same—if I pick the wrong direction, I’m likely to take a big loss. My stop loss is already set close to 3 points, which translates to nearly 50k USDT. This range makes sense for both bulls and bears, so no one should be laughing at anyone else. At the end of the day, only when it truly breaks out can we judge who’s right and who’s wrong. Guessing now is pointless—only those who hold their ground have the right to speak. Personally, I’m leaning bullish. The 4-hour chart looks most like a convergence pattern. It’s forming a symmetrical triangle, with highs and lows compressing continuously—a classic consolidation before a breakout. On the daily chart, it’s just range-bound consolidation, not a standard convergence. Price is stuck between 2,720. Key levels: resistance at 2,747, support at 2,670. Before a breakout, it’s likely to keep oscillating, waiting for either bullish or bearish news to break the balance.
