Recently, the Ethereum market has been especially frustrating. Either it drifts sideways, like weaving cloth with no clear direction, and the moment the market moves, both long and short positions get switched back and forth—constantly “washing” bids and asks, sweeping orders from top to bottom and bottom to top. The rhythm is particularly chaotic$ETH

Looking back at yesterday’s price action, it’s clear that during the day many people set up short orders at the 2350 to 2360 area. But in the evening, the market suddenly surged, breaking up above 2420, and all the low-level shorts were swept out. After that, the trend in Bitcoin stayed relatively strong. Everyone felt Ethereum would make up the lag and “catch up,” so they chased longs as well. However, Ethereum never managed to break the evening high, and the upside momentum was seriously insufficient. This morning, Bitcoin first rolled over and weakened, and Ethereum followed with a round of sharp selling, dropping to around the 2330 mark. The chips that chased longs at high levels last night were cleaned out again by the main force—an absolutely solid example of two-way wash trading.

At this point, the technicals really don’t show a clear trading direction, so we won’t guess. We’ll go straight to the buy/sell order structure to trade today.

The market isn’t clear right now, but Bitcoin’s funding rate hasn’t turned positive yet, and the bulk of the “short side” is also not off the train. There’s a high probability that there will be another round of upswing later.

Today’s strategy$ETH :
Don’t chase the price—just wait and position.
Place buy orders to pick up longs in the 2310-2323 range.
Set the stop-loss protection band uniformly at 2275.
For targets, first look at 2360-2400.

If the market pushes up, we’ll hold the long positions to take profit. Once the top side gives a clear target, we’ll flip and open a short.

Follow the order book structure—stay rational, don’t trade emotionally—and only do the most reliable swing setups.