Recently the group got heated again, watching the 15-minute line pump and immediately shouting "ETH holds 3120, bull market is here". Honestly, I'm a bit speechless.

You're staring at the 15-minute mosquito meat gains, but you missed the 3308 ceiling on the 4-hour chart—that needle prick really hurts, and the bulls' tombstone is standing right there.

Now ETH is stuck at 3170, basically halfway up the mountain. Can't go up, can't come down. This is the kind of place that easily buries people.

The 15-minute MACD looks golden crossed and volume expanded slightly, but this is that classic "give you some candy first, then slap you in the face" trap. How would the whales pump without pulling in retail to take the bags? How would they unload those chips that didn't escape at 3300? This rebound is basically just technical repair after the drop from 3123.

Looking upward, 3200 and 3220 are all resistance levels. Liquidation orders are piled up there like mountains. Would the whales be so kind as to help you break even? Dream on.

My suggestions are straightforward:

First, don't chase around 3170, small gains with big risks, not worth it.

Second, the rebound itself is an opportunity, but the opportunity isn't in chasing highs, it's in waiting.

Third, if price touches the 3200 to 3215 range, that's the real shorting opportunity.

Fourth, set stop loss at 3255, exit if broken.

Fifth, target first at 3120, if broken look toward 3050.

Trading ultimately comes down not to who's fastest, but who lives longest. These market conditions punish impatience the most.

One more thing—if ETH really drops back to 3200, do you dare short, or will you want to chase longs again?