Ethereum's rebound around 3017 actually reveals quite a bit about the market.

Carefully examining this move, the rebound process is not solid. The price is indeed moving upward, but the trading volume hasn't kept pace, and there's repeated oscillation at high levels. This is a very interesting signal—generally speaking, this isn't a sign of the main force continuing to push higher, but rather a sign of profit-taking and a potential shakeout of earlier gains.

Above 3010 has always been a fortress of dense trading activity in previous phases, with bulls and bears battling it out here. Breaking through directly is no easy feat. The key issue lies in the rhythm. Horizontal consolidation at high levels without rising itself signals risk; the eagerness of bulls to chase prices is becoming increasingly hesitant, while bears are gradually gaining the upper hand. This subtle shift in sentiment means that once funds decide to step up, the pullback can be quick and fierce.

The large red candle later confirms all of this—dropping directly from 3017 to 2912 without any hesitation. This is a sign of both emotional release and technical structure adjustment. At this point, the initial decline phase is essentially complete, and the profit-taking points for the wave are now clear.

Having been involved in this market for many years, the most important realization is: not all trends need to be chased. Only the segments you understand and can hold steadily are worth participating in. When the market is delivering profits, take them; when it starts to turn sour, exit decisively. There's no need to entangle with the market.

Whether you can survive long-term often depends on whether you can cut this move cleanly.