ETH's rally this wave has strong momentum, but the problem is there's no standard pullback process. Instead, it's consolidating and oscillating at the highs, resisting a correction.

For friends who want to chase longs, you must exercise restraint. If this is truly a bull run, we can only be in the early stages right now, so buying on pullbacks offers higher safety. This also prevents the scenario where it surges and then crashes hard below the previous highs—what's called a false breakout, leaving you stuck holding the bag.

Currently within a box structure, short at highs and long at lows. Both take-profit and stop-loss levels are acceptable. This approach is only suitable for short-term trading.