8.13 Market Overview: Is ETH going long by breaking resistance or by retracing?

Is the rise of ETH really outrageous? Actually, it is not. The Biden era has long ended, and Trump's ETH exchange plan took half a year to complete after he took office. Now, the structure on Wall Street should be considered the largest player in ETH; the new player started accumulating from around 1800 all the way to near 3300, and now it is starting to explode. As long as there is a pullback in the past two days, going long or chasing the rise has been profitable, with the bears acting as fuel.
ETH is just a stone's throw away from its historical high of 4880, only a little over 200 points away. Perhaps it will surge after the US stock market opens this evening; waiting to break through the 4639 resistance to go long, with a stop loss at 4561 and a target near 4759; or there might be an opportunity to test 4561 multiple times without breaking it to go long, with a stop loss at 4503 and targets at 4615 and 4638; preparing for a high short position on the left side at 4880, with 4930 as defense, and a target near 4759.
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