I've seen quite a few friends take losses on ETH short positions. In fact, I've warned before: in this round, the exchange rate is the key—0.032 has never been broken, and that's a signal in itself.

Let's review a few key decision points:
When that huge 11k green volume bar was suddenly dumped, I judged that a short-term bottom had formed. After the head-and-shoulders bottom pattern was confirmed, I went long immediately. The secondary structure on the daily chart also took shape. But the weekly chart is still consolidating sideways—what does this mean? Until there's a breakout or breakdown with volume from the central range, there won't be new higher highs or lower lows.

Now, the situation is that Bitcoin's structure is very clear—new high, secondary high, and even a third high are all in place. But Ethereum and Solana haven't shown this structure yet. Following the same logic, waiting for lower timeframe signals is more prudent and helps avoid getting slapped by the market. However, note that both are still under the pressure of the major central range; until there's a breakout with volume, it's safest to approach them as range-bound on higher timeframes.

Some people might not understand the term "structure"—simply put, market moves can be broken down into: price, pattern, structure, and trend. Naked candles are price; price movements form patterns, which then evolve into structures, and structures drive the trend. Currently, only Bitcoin has formed both high and secondary high structures; Ethereum and Solana have not.

So should you go short now?

Ethereum has already broken its downtrend line, so logically you should look to go long on dips. But since it hasn't broken the major range, there's still room to play with shorts. Start with a light position, and only add more if a lower timeframe signal appears on the 4-hour chart for extra safety. The price may be around 3255, with a stop loss at 3320. Refer to the chart for Solana's situation.

How should you handle take-profit?
At this level, as long as a sideways secondary low hasn't formed at the bottom, there's no rush to exit—don't just focus on the price action. What if the secondary low never appears? Well, that's the way it is; if you choose this trading method, you have to follow its logic to the end. This is a fixed formula, and only this way can you truly hold on to a trend trade—whether you can hold on or not has little to do with your position size.

To put it simply: if you can't hold on, it's because you don't understand; if you can't trade correctly, it's also because you don't understand.