Many people are asking about the situation with Ethereum. I woke up to see it at 3600, which has exceeded expectations by a lot. Why go short? Because historically, the 3400~3600 range has been a repeated area of being trapped, and there is a possibility of large whales reducing their holdings to break even. Additionally, the monthly chart has already risen by 45%, so the likelihood of a pullback is relatively high. But why hasn't the logic worked? Look at the trading volume; ETFs have seen a significant net inflow every day, and ETH's spot trading volume has surpassed BTC in the last couple of days... In the U.S. stock market, we are in a complete FOMO phase, and the buying volume in the spot market has directly overwhelmed the selling volume that should have caused a pullback. In this situation, a 10X leverage might not withstand a pullback, and I can't increase my position. For a pullback, I should control it within 3~5X leverage, and I still need to set higher entry points for my position. This loss is something I accepted as part of the gamble; I set my stop-loss at the previous high. I aim to keep the maximum loss within 20%, which won't affect my overall strategy. 1. The fact also proves that I can't win every time, so don't blindly follow others. 2. Now, which on-chain projects have the potential to rise? It's time to start looking.